Desay SV(002920) 中国证券报-中证网·2025-04-18 09:15Summary of Key Points Core Viewpoint The company, Huizhou Desay SV Automotive Electronics Co., Ltd., has announced a share repurchase plan aimed at enhancing investor confidence and implementing employee incentive programs. The total repurchase amount will range from RMB 300 million to RMB 600 million, with a maximum repurchase price of RMB 120 per share. Group 1: Repurchase Plan Details - The total repurchase amount is set between RMB 300 million and RMB 600 million [2][11] - The maximum repurchase price is capped at RMB 120 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [2][10] - The estimated number of shares to be repurchased ranges from 2.5 million shares (0.45% of total shares) to 5 million shares (0.90% of total shares) based on the maximum repurchase amount [2][14] Group 2: Funding and Loan Details - The repurchase will be funded through the company's own funds and a special repurchase loan, with a commitment letter from the Industrial and Commercial Bank of China for up to RMB 540 million [2][12] - The loan term will not exceed three years [2][12] Group 3: Purpose and Use of Repurchased Shares - The repurchased shares will be used for employee stock ownership plans or equity incentive plans [4][9] - If the shares are not utilized within 36 months post-repurchase, they will be legally canceled [9] Group 4: Implementation Timeline - The repurchase period will last for three months from the board's approval date [3][15] - The company has established a dedicated securities account for the repurchase [5] Group 5: Compliance and Conditions - The repurchase plan complies with relevant regulations, including having been listed for over six months and no major legal violations in the past year [8] - The company assures that the repurchase will not harm its debt repayment ability or ongoing operations [19][20]