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友发集团: 关于股份回购实施结果暨股份变动的公告

Core Viewpoint - The company, Tianjin Youfa Steel Pipe Group Co., Ltd., has announced a share repurchase plan aimed at utilizing the repurchased shares for employee stock ownership plans or equity incentive plans, with a total repurchase amount expected to be between 100 million to 200 million yuan [1][2]. Summary by Sections Repurchase Plan Details - The repurchase plan was first disclosed on June 12, 2024, and will be implemented from June 11, 2024, to June 10, 2025 [1]. - The maximum repurchase price is set at 8.24 yuan per share [3]. - The total number of shares repurchased is 25,694,120, which accounts for 1.79% of the total share capital [1][3]. - The actual repurchase amount is 132,674,873.40 yuan, with a price range of 4.92 yuan to 5.65 yuan per share [1][3]. Approval and Implementation - The repurchase plan was approved during the seventh meeting of the fifth board of directors on June 11, 2024 [1]. - The company completed the share repurchase by June 10, 2025, with the average repurchase price being 5.16 yuan per share [3]. Changes in Repurchase Purpose - On November 12, 2024, the company changed the purpose of the repurchased shares from "for conversion of convertible bonds" to "for equity incentive plans or employee stock ownership plans" [2]. Financial Impact - The repurchase was conducted using the company's own funds and is not expected to have a significant adverse impact on the company's financial, operational, or debt servicing capabilities [5]. - The repurchase will not lead to a change in the company's control or its listing status [5]. Shareholding Changes - Before the repurchase, the company had 1,430,594,959 shares, which increased to 1,434,510,960 shares after the repurchase [4]. - The repurchased shares will be stored in a dedicated repurchase account, with specific allocations for convertible bond conversion and employee stock plans [4].