Recently, Huaxin Cement announced that the company intends to spend 32.25-64.5 million yuan to repurchase a shares of the company at a price not exceeding 25 yuan per share.
Among them, according to the "Plan on Repurchase of a Shares by Centralized Competitive Trading" issued by Huaxin Cement, the company intends to use its own funds to repurchase a shares of the company by centralized competitive trading. The repurchase of shares is intended to be used for subsequent equity incentives. The source of funds for this share repurchase is the company's own funds, and the total amount of funds to be used for the repurchase is not less than 32.25 million yuan (including) and not more than 64.5 million yuan (including). The repurchase price is not more than 25 yuan per share, and the number of repurchases is not less than 1.29 million shares and not more than 2.58 million shares.
According to the disclosure, Huaxin Cement has repurchased 1.5572 million shares for the first time through centralized bidding on October 9, accounting for 0.07% of the company's total equity, with the highest price of 18.40 yuan per share and the lowest price of 17.70 yuan per share. The total amount paid is 28.0885 million yuan (excluding transaction costs).
For the purpose of this share repurchase, Huaxin Cement pointed out in the announcement that in order to further improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's management team, and jointly promote the company's long-term development. The Company plans to repurchase a shares of the Company through the secondary market with its own funds after taking into account the business development prospects, operating conditions, financial conditions, future profitability and the recent performance of the Company's shares in the secondary market. The repurchased shares are intended to be used for the implementation of the Company's equity incentive.
On the same day, Huaxin Cement also issued the "2025 A-share Restricted Stock Incentive Plan (Draft)", which intends to grant no more than 2.578 million shares to the incentive targets, accounting for 0.1240% of the company's total equity. The Incentive Participants are 11 executive directors and senior management of the Company. The grant price is 9.24 yuan per share, and the source of shares is A-share common shares repurchased in the secondary market.
The announcement said that the plan aims to further establish and improve the company's long-term incentive mechanism, attract and retain outstanding talents, fully mobilize the enthusiasm of the company's executive directors and senior managers, effectively integrate the interests of shareholders, the company and the core team, and make all parties pay attention to the company's long-term development.
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