Minde Electronics (300656) announcement on the evening of April 16GamesonpolygonmaticXu Wenhuan, the company's controlling shareholder, actual controller, chairman and general manager, proposed that the company would use its own funds of 30 million to 60 million yuan.GamesonpolygonmaticThe price to buy back the shares. This initiative aims to further consolidate the long-term value and sustainable development of the company through equity incentives and employee stock ownership plans.

Minde Electronics said that the buyback is based on strong confidence in the company's future development prospects and a reasonable assessment of the company's long-term value. The share buyback plan is not only a maintenance of the interests of the majority of shareholders, but also a significant enhancement of investor confidence. This will help to establish and improve the long-term incentive mechanism, closely link the interests of shareholders, companies and employees, and promote the healthy and sustainable development of the company.

According to the announcement, the share buyback will be conducted through the Shenzhen Stock Exchange trading system in a centralized bidding manner. The repurchase price will not exceed 150% of the average trading price of the shares in the 30 trading days prior to the adoption of the repurchase resolution by the board of directors. The buyback period is set within 12 months from the date of approval of the buyback plan by the company's board of directors.

It is worth noting that if the company fails to complete the transfer of the repurchased shares within 3 years after the announcement of the implementation results of the share repurchase, the shares that have not yet been transferred will be cancelled.

Recently, Minde Electronics has made remarkable achievements in the construction of smartIDM biosphere. The company has built a complete power semiconductor industry chain through the mass production of wafer foundry wide core micro and the commissioning of ultra-thin back core micro Tek. In an institutional survey on March 14, Minde Electronics revealed that the Guangxin Microelectronics project has been in mass production since December 2023, and its main products include groove Schottky diodes and UHV DMOS products. Wide and Micro Integration has placed purchase orders for more than 3000 pieces to Guangxin Microelectronics, and plans to continue to place orders according to production capacity and market conditions.

The new development of Minde Electronics does not stop there. On April 15, Guangxin conducted the first phase of IATF16949 audit, which was carried out by the world-renowned Rheinland Technology (Shanghai) Co., Ltd. The selection of RWE as the audit partner reflects Guangxin's recognition of RWE's excellent reputation and professional standards in the industry. Minde Electronics said that the successful completion of the first stage audit of Guangxin not only demonstrated its strength in quality management, but also laid the foundation for future development.