The Zhitong Finance App learned that on November 2, heads of relevant departments of the China Securities Regulatory Commission answered questions from reporters about recent work related to stabilizing market stability expectations. The person in charge said that recently, the Securities Regulatory Commission plans to make the following adjustments and optimizations to share repurchases (referred to as protected plate repurchases) as necessary to protect the company's value and shareholders' rights: First, adding a “breakout” of the stock price as one of the situations where a protective plate repurchase can be carried out, stipulating that the “six months have passed since the company's stock listing has completed six months” restriction, and abolish restrictions that cannot be declared during the opening and closing pooled bidding stages of protected disk repurchases, etc. Second, listed companies within 36 months of listing are required to strictly and earnestly fulfill the measures to stabilize stock prices in their listing commitments when their stock prices hit a protected repurchase situation. Third, listed companies with overfunded funds are required to promptly implement repurchases when they are involved in disk repurchases. Fourth, listed companies are required to clearly include a certain percentage of funds in the annual cash dividend plan; listed companies with overraised capital are required to include a certain percentage of the overfunded funds in the special repurchase fund and earmarked for share repurchase cancellation; and the proceeds from selling protected repurchase shares through centralized bidding are required to be included in the special repurchase fund.

The Zhitong Finance App learned that on November 2, heads of relevant departments of the China Securities Regulatory Commission answered questions from reporters about recent work related to stabilizing market stability expectations. The person in charge said that recently, the Securities Regulatory Commission plans to make the following adjustments and optimizations to share repurchases (referred to as protected plate repurchases) as necessary to protect the company's value and shareholders' rights: First, adding a “breakout” of the stock price as one of the situations where a protective plate repurchase can be carried out, stipulating that the “six months have passed since the company's stock listing has completed six months” restriction, and abolish restrictions that cannot be declared during the opening and closing pooled bidding stages of protected disk repurchases, etc. Second, listed companies within 36 months of listing are required to strictly and earnestly fulfill the measures to stabilize stock prices in their listing commitments when their stock prices hit a protected repurchase situation. Third, listed companies with overfunded funds are required to promptly implement repurchases when they are involved in disk repurchases. Fourth, listed companies are required to clearly include a certain percentage of funds in the annual cash dividend plan; listed companies with overraised capital are required to include a certain percentage of the overfunded funds in the special repurchase fund and earmarked for share repurchase cancellation; and the proceeds from selling protected repurchase shares through centralized bidding are required to be included in the special repurchase fund.