Core Viewpoint - The company plans to repurchase shares to enhance its long-term incentive mechanism, attract and retain talent, and boost investor confidence, with a total repurchase amount between RMB 30 million and RMB 50 million [1][2][3] Summary by Sections Repurchase Plan Overview - Total repurchase amount: RMB 30 million to RMB 50 million [1][3] - Repurchase price cap: RMB 29 per share [2][3] - Repurchase method: centralized bidding through the Shanghai Stock Exchange [4] - Implementation period: 12 months from board approval [4][5] Purpose of the Repurchase - To establish a long-term incentive mechanism, attract and retain talent, and enhance investor confidence [3][10] - Shares will be used for employee stock ownership plans or equity incentive plans [3][10] Financial Impact - Estimated repurchase quantity: approximately 1.0345 million to 1.7241 million shares, representing 0.68% to 1.13% of total share capital [3][5] - The repurchase amount will account for approximately 2.91% of total assets and 3.43% of net assets as of December 31, 2024, if the upper limit is utilized [7] Governance and Compliance - The repurchase plan was approved by the board with unanimous consent [2] - The company has established a dedicated securities account for the repurchase [12] Risk Considerations - Potential risks include the inability to implement the repurchase if stock prices exceed the cap or if significant changes in the company's situation occur [1][12] - The company will disclose progress and any adjustments to the plan as necessary [12][13]

一、董事会会议召开情况 邦彦技术股份有限公司（以下简称"公司"）第四届董事会第三次会议于 2025 年 5 月 27 日采用通讯表决的方式召开。全体董事一致同意本次会议豁免《公 司法》以及《公司章程》所要求之会议通知时限要求，且不会以任何途径及方式 向相关部门及机关申请撤销公司本次临时董事会的决议。公司以邮件等通讯方式 向全体董事发出召开本次会议的通知，与会的各位董事已知悉与所议事项相关的 必要信息。会议应出席董事 7 人，实际出席董事 7 人，会议由董事长祝国胜主持， 本次会议的召开符合有关法律、法规和《公司章程》的规定，会议决议合法、有 效。 二、董事会会议审议情况 证券代码：688132 证券简称：邦彦技术 公告编号：2025-040 邦彦技术股份有限公司 第四届董事会第三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 具体内容详见公司同日披露在上海证券交易所网站（www.sse.com.cn）上的 《关于以集中竞价方式回购股份的回购报告书》。 特此公告。 邦彦技术股份有限公司董事会 2025 年 5 月 ...

Core Viewpoint - The company, Bangyan Technology, has announced the termination of its acquisition plan for StarNet Communication, which is particularly notable two years after its listing. Despite not distributing dividends to shareholders, the compensation for senior management has reached a historical high [1][3]. Group 1: Acquisition Termination - Bangyan Technology's board has officially approved the termination of the acquisition of Shenzhen StarNet Communication Technology Co., Ltd. The acquisition was intended to purchase 100% of StarNet's shares through a combination of issuing shares and cash payments to 16 parties, including Zhang Haixin and Shenzhen Jinzhen Technology Co., Ltd. [1][3]. - The decision to terminate the acquisition was made after the involved parties failed to reach a consensus on the final cooperation plan, and the company emphasized that this decision was made after careful consideration to protect the interests of the company and all shareholders [3]. Group 2: Financial Performance and Management Compensation - Despite the termination of the acquisition, Bangyan Technology's business operations remain normal, and the termination will not significantly impact the company's current production activities or strategic development [3]. - The company is facing challenges with continuous net profit losses, with undistributed profit losses exceeding 200 million yuan as of the end of the first quarter of this year [3]. - Notably, the compensation for senior management has continued to rise despite the company's poor performance and lack of dividends to shareholders. The actual controller, Zhu Guosheng, and his brother, Zhu Guoqiang, have salaries of 2.1409 million yuan and 1.5988 million yuan for 2024, respectively, marking a new high since the company's listing [3][4].

证券代码：688132 证券简称：邦彦技术 公告编号：2025-039 邦彦技术股份有限公司 关于以集中竞价方式回购股份的回购报告书 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 相关股东是否存在减持计划： 截至本公告披露日，公司持股 5%以上股东劲牌 有限公司、北京永阳泰和投资有限公司未回复公司问询函，敬请投资者注意其未 来 3 个月、6 个月可能存在减持的风险。除上述情况外，公司董事、高级管理人员、 控股股东及其一致行动人、实际控制人、回购提议人在未来 3 个月、未来 6 个月 暂不存在减持公司股票的计划。上述主体如未来有减持计划，相关方及公司将严 格按照有关法律、法规及规范性文件的相关规定履行信息披露义务。 ● 相关风险提示： 1、本次回购股份实施过程中存在回购期限内公司股票价格持续高于回购价格上限 导致回购方案无法顺利实施的风险； 2、若发生对公司股票交易价格产生重大影响的重大事项，或公司生产经营、财务 状况、外部客观情况发生重大变化，或其他导致公司董事会决定终止本次回购方 案的事项发生，则存 ...

Core Viewpoint - The company, Bangyan Technology, has terminated its acquisition of StarNet Technology, which reflects challenges in its transformation strategy and ongoing financial difficulties, including continuous net profit losses since its listing [3][4]. Group 1: Termination of Acquisition - Bangyan Technology announced the termination of the issuance of shares and cash payment for the acquisition of 100% of StarNet Technology's shares, along with the associated fundraising [3]. - The decision was made during the board meeting on May 25, 2025, due to the inability of the parties involved to reach a consensus on the final cooperation plan [3]. - The termination of this transaction is not expected to change the actual control of the company [3]. Group 2: Financial Performance - As of the end of the first quarter, Bangyan Technology reported an accumulated loss of over 200 million in undistributed profits and has not issued dividends since its listing [4]. - Despite the financial losses, the company has increased the salaries of its executives, with the actual controller's salary reaching a new high of 2.14 million and 1.6 million for his brother, marking increases of approximately 620,000 and 400,000 respectively [4]. Group 3: Business Impact - The termination of the acquisition is seen as a setback for Bangyan Technology's transformation efforts and may complicate its ability to address ongoing operational challenges [4]. - The company asserts that the termination will not have a significant adverse impact on its current production and operational activities or its strategic development [4].

Core Viewpoint - The company, Bangyan Technology Co., Ltd., announced the termination of its significant asset restructuring plan to acquire 100% of Shenzhen Xingwang Xintong Technology Co., Ltd., leading to a sharp decline in its stock price and market value [1][3]. Group 1: Acquisition Details - The acquisition was initially planned to be executed through a share issuance and cash payment, with a proposed price of 13.94 yuan per share, representing a 30% discount to the market price [3]. - The transaction involved 16 parties, including the largest shareholder, Jinzhen Co., which holds an 18.25% stake [3]. - The acquisition was characterized as a "snake swallowing an elephant" deal, given the disparity in revenue and profit between the two companies [3][4]. Group 2: Financial Performance - Bangyan Technology reported a revenue of 181 million yuan and a net loss of 52 million yuan for 2023, while Xingwang Xintong achieved a revenue of 632 million yuan and a net profit of 47 million yuan [3][4]. - The acquisition was expected to enhance Bangyan Technology's civilian product business and achieve a performance commitment of no less than 180 million yuan in net profit over three years [3]. Group 3: Strategic Implications - The termination of the acquisition is seen as a setback for Bangyan Technology's strategy to diversify its revenue sources, which have been heavily reliant on military contracts, with nearly 70% of its revenue coming from the military sector as of December 31, 2023 [4][5]. - The acquisition was viewed as a critical step for the company to enter the civilian market, which would complement its existing military business [4][5]. - The loss of Xingwang Xintong's established customer base, including major clients like BYD and Huawei, complicates the company's goal of achieving civilian revenue surpassing military revenue by 2028 [5].

Core Viewpoint - The major asset restructuring plan of Bangyan Technology Co., Ltd. has been terminated due to the failure of related parties to reach an agreement, leading to a significant drop in the company's stock price and market value [1][2][3]. Group 1: Termination of Restructuring - Bangyan Technology announced the termination of its acquisition of 100% equity in Shenzhen Xingwang Xintong Technology Co., Ltd. after six months of planning, citing the lack of consensus among transaction parties [1][3]. - Following the announcement, the company's stock plummeted by 14.68%, resulting in a market value loss of over 400 million yuan [2]. Group 2: Financial Implications - The acquisition was intended to enhance Bangyan Technology's civilian product business, which is crucial for diversifying its revenue sources away from military reliance [4][5]. - The company reported a revenue of 181 million yuan and a net loss of 52 million yuan for 2023, while the target company, Xingwang Xintong, achieved a revenue of 632 million yuan and a net profit of 47 million yuan [4]. Group 3: Strategic Impact - The acquisition was seen as a key step for Bangyan Technology to enter the civilian market, aiming to create a second growth curve amidst its heavy reliance on military contracts [7]. - The termination of the deal means the company will miss out on established clients and channels in the civilian sector, making its goal of surpassing military product revenue by 2028 more challenging [9]. Group 4: Operational Concerns - The company has committed to not planning any major asset restructuring for one month and stated that its current operations remain normal, with no significant adverse impact from the termination [3]. - However, the loss of Xingwang Xintong's customer base, which includes major players like BYD and Huawei, raises concerns about Bangyan Technology's future growth and operational independence [8][10].

Core Viewpoint - The company proposes a share buyback plan to enhance employee motivation, attract talent, and boost investor confidence, reflecting strong belief in its future development and value [1][2]. Proposal Details - The type of shares to be repurchased is the company's issued ordinary shares (A-shares) [2]. - The purpose of the repurchase is for equity incentives or employee stock ownership plans, with specific uses to be determined by the board [2]. - The repurchase will be conducted through a centralized bidding system on the Shanghai Stock Exchange [2]. - The duration for the repurchase is set for 12 months from the board's approval date [2]. - The repurchase price will not exceed 150% of the average trading price of the company's shares over the 30 trading days prior to the board's resolution [2]. - The total funds allocated for the repurchase will be no less than RMB 30 million and no more than RMB 50 million [2]. - The source of funds for the repurchase will be the company's own funds [2]. Shareholder Activity - The proposer, Mr. Zhu Guosheng, has not engaged in buying or selling company shares in the six months prior to the proposal [3]. - There are currently no plans for Mr. Zhu to increase or decrease his shareholding during the repurchase period, and any future plans will be disclosed in accordance with relevant laws and regulations [4]. Commitment - Mr. Zhu has committed to actively promote the swift execution of the share buyback and will vote in favor of the proposal at the board meeting [5]. Previous Buyback Implementation - In a previous buyback conducted on October 11, 2024, the company repurchased 2,281,700 shares, accounting for 1.50% of the total share capital, at a maximum price of RMB 19.14 per share, a minimum price of RMB 12.00 per share, and an average price of RMB 15.34 per share, utilizing a total of RMB 35.0023 million [7].

Core Viewpoint - The asset restructuring plan of Bangyan Technology (688132.SH) has been terminated due to a lack of consensus among the parties involved, which raises concerns about the company's future performance and strategic direction [1][2]. Group 1: Restructuring Details - Bangyan Technology announced the termination of its asset restructuring plan on May 25, 2024, after failing to reach an agreement on the final cooperation scheme [1]. - The company had planned to acquire 100% of Shenzhen Xingwang Xintong Technology Co., Ltd. (Xingwang Xintong) and raise supporting funds through the issuance of shares and cash payments [1][2]. - Xingwang Xintong is a key partner of Huawei and provides integrated communication solutions primarily to financial institutions and government agencies [2]. Group 2: Financial Performance - Bangyan Technology's financial performance has been under pressure since its listing in September 2022, with a decline in revenue and a shift to losses in the following year [3]. - The company reported revenues of 3.7 billion, 1.81 billion, and 3.47 billion from 2022 to 2024, with year-on-year growth rates of 20.04%, -51.18%, and 91.98% respectively [3]. - Net profits for the same period were 411.18 million, -522.5 million, and -366 million, reflecting significant losses and a decline in profitability [3]. - In the first quarter of 2025, the company reported revenues of 277.06 million, a decrease of 78.38%, and a net loss of 272.06 million, a reduction of 177.02% year-on-year [4].

Group 1: Company Leadership Changes - Longi Green Energy announced that Li Zhenguo will resign from the positions of General Manager and Legal Representative to focus on R&D and technology management, while continuing as the head of the Central Research Institute and Chief Technology Officer [2] - The company appointed Zhong Baoshan as the new General Manager, and this leadership change is not expected to impact the company's operations [2] Group 2: Contracts and Agreements - Pingzhi Information signed an AI computing power technology service framework agreement with China Telecom's Shaanxi branch, with a total contract value of approximately 246 million yuan [3] - The actual execution amount will depend on specific orders, and the agreement is not expected to have a significant impact on the company's annual performance [3] Group 3: Share Issuance and Stock Transactions - *ST Songfa announced the issuance of 738 million new shares at a price of 10.16 yuan per share for asset acquisition [5] - Shenghong Technology set the preliminary inquiry transfer price at 65.85 yuan per share, with 24 institutional investors participating in the inquiry [3] Group 4: Shareholder Actions - Xinhua Medical's controlling shareholder plans to increase holdings by 100 million to 200 million yuan [6] - Several companies, including Yongmaotai and Green Harmony, announced plans for share reductions by up to 3% of total shares [6] Group 5: Corporate Developments - Rongsheng Environmental Protection reported that its controlling shareholder, Feng Ronghua, has been taken into custody by law enforcement, but this matter is unrelated to the company [4] - Chongqing Steel terminated the absorption merger with its wholly-owned subsidiary [7]