EASTROC (09980) has announced plans to repurchase its A-shares using the company's own capital through centralized bidding. The repurchased shares will be allocated for capital reduction through cancellation, as well as for implementing equity incentive plans and/or employee stock ownership plans. A minimum of 90% of the repurchased shares will be canceled to reduce the company's registered capital. For the portion of shares designated for equity incentive plans and/or employee stock ownership plans, if the company fails to utilize them within 36 months after the completion of the repurchase, any unused shares will be canceled in accordance with relevant laws and regulations. The total repurchase amount will range from 1 billion yuan to 2 billion yuan. Specifically, 900 million to 1.8 billion yuan will be used to repurchase shares (approximately 3.629 million to 7.2581 million shares, representing no less than 90% of the total repurchased shares) for capital reduction. The remaining 100 million to 200 million yuan will be allocated to repurchase shares (approximately 403,200 to 806,500 shares, representing no more than 10% of the total repurchased shares) for employee stock ownership plans and/or equity incentives. The final repurchase amount will be determined based on the actual funds used upon completion of the repurchase period.
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