"科创板日报" news on September 25th (Reporter: Huang Xiumei) Financial Union Star Mining Data Statistics show that after the end of the semi-annual report disclosure period, from early September to the evening of September 24, 18 companies listed on the STAR Market issued repurchase-related announcements.

Specifically, 10 companies have announced repurchase plans, with Leaguer (Shenzhen) Microelectronics Corp. having conducted its first repurchase on September 20; in addition, 5 companies' relevant officials proposed repurchases, and 3 companies adjusted the upper limit of the repurchase price.

"科创板日报" reporters noted that the above-mentioned companies proposing to implement share repurchases this year have announced their 2024 "Quality Enhancement and Return Enhancement" special action plans.

For example, Leaguer (Shenzhen) Microelectronics Corp. first announced the "Quality Enhancement and Return Enhancement" related action plan in the evening of February 7 this year and on February 29, made the first repurchase of approximately 0.0977 million shares through centralized bidding.

Since then, Leaguer (Shenzhen) Microelectronics Corp. has conducted a total of 6 share repurchases and by the end of August this year, has repurchased a total of around 0.517 million shares, used for employee stock ownership plans or stock-based incentives, accounting for 0.43% of the total share capital, with an actual repurchase amount of 12.9996 million yuan.

On the evening of September 18, Leaguer (Shenzhen) Microelectronics Corp. announced again that it had received a proposal from the Chairman of the Board and the General Manager regarding the repurchase of company shares, and the company will continue to implement the "Quality Enhancement and Return Enhancement" special action plan.

leaguer(shenzhen)microelectronics corp. stock price fell by over 27% from a peak of 28.11 yuan on June 21 to a closing price of 19.19 yuan on the evening of September 24.

A person from the company's brokerage department told reporters, "The secondary market stock price is affected by various factors such as macro policies, capital market environment, etc. However, based on the belief in their intrinsic value, the company has been continuously repurchasing shares, hoping to enhance the company's investment value and strengthen investor confidence."

It is worth mentioning that in addition to continuing to implement the "improve quality, increase efficiency, and return on investment" action plan and repurchasing shares, many STAR Market-listed companies have put the cancellation of repurchased shares on the agenda.

From early September to the evening of September 24, including Weimeisi, Jingweihengrun, Suzhou Jinhong Gas Co.,Ltd., Suntar Environmental Technology, Sansure Biotech Inc., and other 11 STAR Market-listed companies plan to use the repurchased shares for cancellation and reducing registered capital, involving a total number of shares exceeding 20 million.

Appotronics Corporation announced on the evening of September 18 that it agreed to adjust the purpose of repurchasing approximately 5.842 million shares in the special securities account to cancellation. After the repurchase cancellation is completed, the total number of company shares will be correspondingly reduced with the registered capital, and creditors will be notified.

A person from Appotronics Corporation's brokerage department told reporters, "There are four main purposes for the repurchased shares, usually used for stock-based incentives or cancellations. The shares previously repurchased by the company have been held in a special account, initially prepared to be used for stock-based incentives or cancellations. However, due to the recent stock price and market conditions not being very favorable, the company has taken a measure to boost the stock price and increase investor confidence."

Sansure Biotech Inc. announced on the evening of September 3 that it agreed to cancel 1 million shares originally intended for employee shareholding plans or stock-based incentives stored in the repurchase special securities account to reduce the registered capital. After this cancellation is completed, the total number of company shares will be correspondingly reduced with the registered capital, and creditors will be notified.

According to incomplete statistics from Sxstar, since the release of the new policy on August 23 last year, in addition to the above 10 companies, at least more than 20 STAR-listed companies have used all repurchased shares for cancellation and reduction of registered capital, involving a total repurchase amount of over 1 billion yuan.

A senior brokerage professional in the industry, in an interview with The Star Daily, mentioned that since a series of regulatory policies have been issued in the capital markets, listed companies are practicing the development concept of "investors first" through share repurchases and other means, implementing the annual "enhance quality, increase efficiency, and reward shareholders" action plan formulated by the company. With the continuous improvement of relevant policies and mechanisms, it is expected that more companies will further effectively enhance shareholder investment returns.

"Especially repurchasing shares for cancellation and reducing registered capital can effectively increase the level of the company's earnings per share, enhance shareholder investment returns, further enhance the company's long-term investment value, and strengthen investor confidence," the person mentioned above said.

It is worth noting that on September 24, at the State Council Information Office press conference, Wu Qing, Chairman of the China Securities Regulatory Commission, mentioned that the CSRC, together with relevant ministries, has formulated guidelines for managing the market cap of listed companies, requiring listed companies to establish a normalized repurchase mechanism; the CSRC will also promote the establishment of a market-based incentive and restraint mechanism for listed company share repurchases.