Luster(SH:688400) Zheng Quan Zhi Xing·2025-06-15 10:17Core Viewpoint - The company has announced an adjustment to the maximum repurchase price of its shares following the implementation of the 2024 annual equity distribution, reducing the price from 35.00 RMB per share to 34.98 RMB per share, effective from June 20, 2025 [1][4]. Summary by Sections Share Repurchase Basic Information - The company approved a plan for the fourth share repurchase at a board meeting on November 28, 2024, with a total repurchase fund of no less than 50 million RMB and no more than 100 million RMB, with a repurchase price not exceeding 35.00 RMB per share [1][2]. - The repurchase period is set for 12 months from the date of the board's approval [1]. Reason for Adjusting the Repurchase Price - The adjustment in the repurchase price is due to the company's decision to distribute a cash dividend of 0.25 RMB per 10 shares, with the record date for the equity distribution set for June 19, 2025, and the ex-dividend date on June 20, 2025 [2][3]. Details of the Price Adjustment - The new maximum repurchase price is calculated as follows: (35.00 - 0.0247) / (1 + 0) = 34.98 RMB per share, where 0.0247 RMB is the cash dividend per share [3][4]. - The repurchase quantity is estimated to be approximately 2,858,776 shares at the upper limit of 10 million RMB, representing about 0.62% of the company's total share capital [4]. Other Matters - Other aspects of the share repurchase plan remain unchanged, and the company will adhere to relevant regulations while making repurchase decisions based on market conditions [4].