Hexing(SH:603556) Zheng Quan Zhi Xing·2025-06-20 09:41Core Viewpoint - The company has announced an adjustment to the maximum repurchase price of its shares following the 2024 annual equity distribution, lowering it from RMB 35 per share to RMB 34.31 per share, effective from June 24, 2025 [1][2]. Summary by Sections 1. Basic Information on Share Repurchase - The company plans to repurchase shares using its own funds through centralized bidding, with a total repurchase amount between RMB 100 million and RMB 200 million, within a 12-month period starting from the board's approval date [1][3]. 2. Reasons for Adjusting the Maximum Repurchase Price - The adjustment is based on the company's 2024 annual profit distribution plan, which includes a cash dividend of RMB 7 per 10 shares (tax included) to all shareholders. The record date for this distribution is June 23, 2025, and the ex-dividend date is June 24, 2025 [2]. 3. Details of the Price Adjustment - The new maximum repurchase price is calculated as follows: - Adjusted maximum repurchase price = (Previous maximum price - Cash dividend) + (New share price × Change in circulating shares) / (1 + Change in circulating shares) - Since the company is only distributing cash dividends and not issuing new shares, the change in circulating shares is 0, leading to the adjusted maximum repurchase price of approximately RMB 34.31 per share [2]. 4. Other Matters - All 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].