USISH(SH:601231) Xin Lang Cai Jing·2025-05-29 11:30Core Viewpoint - The company, Huanxu Electronics, has announced an adjustment to its share repurchase price limit for 2025, lowering it from 20.00 CNY per share to 19.77 CNY per share, effective from June 6, 2025 [1][4]. Summary by Sections Share Repurchase Overview - On April 25, 2025, Huanxu Electronics held meetings to approve a share repurchase plan, intending to use its own funds to repurchase shares from the secondary market, with a total repurchase amount between 150 million CNY and 300 million CNY, over a period of 12 months from April 25, 2025, to April 24, 2026, at a price not exceeding 20.00 CNY per share [2]. Reason for Price Limit Adjustment - The adjustment in the repurchase price limit is due to a cash dividend distribution approved at the annual shareholders' meeting on April 22, 2025, where the company plans to distribute a cash dividend of 2.30 CNY per 10 shares (including tax) [3]. Specifics of Price Limit Adjustment - The new repurchase price limit of 19.77 CNY per share was calculated based on the formula: adjusted price limit = (previous price limit - cash dividend) / (1 + change in circulating shares ratio). The cash dividend is approximately 0.23 CNY per share, and since there is no change in the number of shares, the circulating shares change ratio is 0. This results in an adjusted repurchase price limit of 19.77 CNY per share [4]. - The estimated number of shares to be repurchased ranges from approximately 7.59 million to 15.17 million shares, accounting for about 0.35% to 0.69% of the company's total share capital, with the actual number to be determined at the end of the repurchase period [4]. Other Matters - Aside from the adjustment in the repurchase price limit, all other aspects of the share repurchase plan remain unchanged, and the company will continue to implement the repurchase plan based on market conditions while fulfilling its information disclosure obligations [5].