Befar(SH:601678) Zheng Quan Zhi Xing·2025-06-20 16:14Group 1 - The company announced a share repurchase plan with a total expected amount between 75 million and 150 million RMB, with a repurchase period from September 20, 2024, to September 19, 2025 [1] - The repurchase is intended for employee stock ownership plans or equity incentives, with a maximum repurchase price set at 5.00 RMB per share [1] - As of June 20, 2025, the company has repurchased a total of 20,592,200 shares, accounting for 1.001% of the total share capital, with a total expenditure of 80,457,115.00 RMB [3] Group 2 - The company held a board meeting on October 18, 2024, to change the purpose of the repurchased shares from solely for employee stock ownership plans to include equity incentives [2] - Following the distribution of cash dividends, the maximum repurchase price was adjusted from 5.00 RMB to 4.99 RMB per share on January 24, 2025, and further adjusted to 4.96 RMB on June 17, 2025 [2][3] - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations regarding the progress of the share repurchase [4]