The company has communicated its strategic direction in response to investor inquiries.
In 2024, the firm has actively responded to market calls by initiating a share buyback program to help stabilize its stock price. Concurrently, the company has clarified in its announcements that it will subsequently sell the repurchased shares through the centralized competitive bidding trading method, in accordance with regulatory rules.
According to the relevant buyback regulations, if these repurchased shares are not sold before May 2027, they will be required to be cancelled. Considering the future requirements for applying for a financial holding company license, the company needs to maintain its current share capital scale.
Furthermore, the company's strategic plan for the upcoming period has been finalized. On one front, it will focus on enhancing the intrinsic development of its existing financial businesses by strengthening professional capabilities and optimizing the business structure. On another front, it will continue to seek opportunities for strategic increases in holdings in financial businesses and for market-oriented mergers and acquisitions, aiming to cultivate new growth drivers.
In alignment with its operational development needs, the company plans to opportunistically dispose of assets with relatively high liquidity, such as its holdings in Yongan Futures and the repurchased shares. This move is intended to prepare for the advancement of subsequent projects.
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