WuXi AppTec(603259) 证券日报·2025-04-16 18:38Core Viewpoint - The company, WuXi AppTec, has announced a second share repurchase plan to maintain its value and protect shareholder interests due to a significant decline in its stock price, which has dropped by 20% over the last twenty trading days [1][7]. Summary by Relevant Sections Repurchase Plan Overview - The total amount allocated for the share repurchase is RMB 1 billion [2]. - The repurchase will be funded through the company's own funds and/or self-raised funds [3]. - The maximum repurchase price is set at RMB 97.24 per share, which is 150% of the average trading price over the previous 30 trading days [3][15]. Repurchase Method and Duration - The shares will be repurchased through a centralized bidding method on the Shanghai Stock Exchange [4][11]. - The duration for the repurchase is set to not exceed three months from the board's approval date [4][12]. Purpose and Impact of the Repurchase - The primary purpose of the repurchase is to enhance investor confidence and align the market price with the intrinsic value of the company [9]. - The repurchased shares will be fully canceled, leading to a reduction in registered capital [8][20]. Financial Implications - The repurchase amount represents approximately 1.24% of the company's total assets and 1.71% of the net assets attributable to shareholders as of December 31, 2024 [16]. - The estimated number of shares to be repurchased is around 10,283,833, which constitutes about 0.3561% of the total issued shares [15]. Governance and Compliance - The repurchase plan has been authorized by the company's shareholders and complies with relevant laws and regulations [6][17]. - The company has confirmed that there are no plans for share reductions by key stakeholders prior to the board's decision [18][19].