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Pinming Technology: Report for the First Quarter of 2025
2025 First Quarter Report
2024 ANNUAL REPORT
2024 Annual Report Summary
Pinming Technology (688109.SH): plans to use no more than 0.5 billion yuan of temporarily idle self-owned funds for Cash / Money Market management.
Gelonghui, April 18 | Pinming Technology (688109.SH) announced that the company plans to use no more than 0.5 billion RMB of temporarily idle self-owned funds for cash management, with a usage period not exceeding 12 months from the date of approval by the Board of Directors. Within the aforementioned limit and period, the funds can be used in a revolving manner.
Pinming Technology (688109.SH): Plans to launch an employee stock ownership plan in 2025.
On April 18, Gelonghui reported that Pinming Technology (688109.SH) announced the employee stock ownership plan for 2025. The shares in this employee stock ownership plan will be sourced from the company's repurchase dedicated account, which repurchases A-share common stock. The total number of shares intended to be acquired in this employee stock ownership plan is 0.66 million shares, accounting for approximately 0.84% of the company's current total equity of 78.8423 million shares. This employee stock ownership plan will obtain company shares held in the company's repurchase dedicated securities account through legal methods allowed by regulations, after being reviewed and approved by the company's shareholder meeting. This employee stock ownership plan is intended to purchase the company's repurchased stocks.
Risks Still Elevated At These Prices As Pinming Technology Co., Ltd. (SHSE:688109) Shares Dive 27%
