Dong-EE-Jiao to buy back shares, reduce capital
Dong-EE-Jiao (SZSE:000423) will repurchase its A-shares through centralized bidding, with a total value between 100 million yuan and 200 million yuan. The price ceiling is set at 72.08 yuan per share. This program, approved by the board on December 4, 2025, and shareholders on December 22, 2025, aims to cancel the repurchased shares, thereby reducing the company's registered capital. The repurchase period is up to 12 months from the shareholder approval date.
Based on the maximum repurchase amount and price, the company expects to buy back approximately 2,774,700 shares, representing about 0.43% of its total share capital. If the minimum amount is repurchased, it would be approximately 1,387,300 shares, or 0.22% of the share capital. This move is intended to boost investor confidence and reflect the company's intrinsic value.
Creditors are notified to claim their rights within 30 days of receiving a direct notice, or 45 days from the general announcement date (December 23, 2025). The company has opened a dedicated securities account (0899990678) for this repurchase and affirms that the program will not harm its debt-paying ability or ongoing operations.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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