ZHUHAI COSMX(SH:688772) Zheng Quan Zhi Xing·2025-06-12 10:27Summary of Key Points Core Viewpoint - The company, Zhuhai Guanyu Battery Co., Ltd., has announced an adjustment to the upper limit of the share repurchase price following the implementation of the 2024 annual equity distribution, reducing it from RMB 23.00 to RMB 22.70 per share [1]. Group 1: Share Repurchase Plan - The board approved a share repurchase plan using self-owned funds and special loans, with a total repurchase amount between RMB 100 million and RMB 200 million [1]. - The repurchase price was initially set at a maximum of RMB 23.00 per share, with a repurchase period of up to 12 months from the board's approval date [1]. - The repurchased shares will be used for convertible bond conversions or employee stock ownership plans [1]. Group 2: Reason for Price Adjustment - The adjustment in the repurchase price is due to the company's decision to distribute a cash dividend of RMB 3.00 per 10 shares, with the record date on June 18, 2025, and the ex-dividend date on June 19, 2025 [1]. - The repurchase price adjustment is calculated based on the cash dividend and the change in circulating shares, which remains unchanged in this case [1]. Group 3: Details of Price Adjustment - The new upper limit for the repurchase price is calculated as follows: (23.00 - 0.2973) / (1 + 0) = approximately RMB 22.70 per share [1]. - Based on the upper limit of RMB 200 million, the estimated number of shares to be repurchased is approximately 8.81 million, representing about 0.7783% of the total share capital [1]. - If the lower limit of RMB 100 million is used, the estimated number of shares is approximately 4.41 million, or about 0.3891% of the total share capital [1].