Goldwind announces share repurchase, capital reduction, and creditor notification

Xinjiang Goldwind Science & Technology (SZSE:002202) has announced plans to repurchase its A-shares through a centralized bidding process, with the intention of canceling the repurchased shares and reducing the company's registered capital. The repurchase plan, approved by the board and shareholders, involves a repurchase of shares with a total value between CNY300 million and CNY500 million, utilizing the company's own funds. The repurchase price is capped at CNY13.28 per share. Based on this price, the company estimates it can repurchase between 2,259.04 and 3,765.06 million shares. Concurrently, Goldwind is notifying its creditors, allowing them to request debt repayment or guarantees within a specified period as required by law due to the capital reduction. This move aims to enhance shareholder value and investor confidence, with the company affirming that the repurchase and capital reduction will not materially impact its ability to meet debt obligations or its long-term operational capacity. The repurchase is scheduled to be completed within 12 months.