NARI-TECH(SH:600406) Zheng Quan Zhi Xing·2025-06-22 08:40Summary of Key Points Core Viewpoint - The company has announced an adjustment to the maximum repurchase price of its shares following the implementation of the 2024 annual equity distribution plan, reducing the price from RMB 34.13 per share to RMB 33.70 per share, effective from June 27, 2025 [1][3]. Group 1: Share Repurchase Details - The company plans to repurchase shares using its own funds through centralized bidding, with a total repurchase amount between RMB 5 billion and RMB 10 billion [1]. - The repurchase period is set from April 14, 2025, to April 13, 2026, following the board's approval [1][2]. Group 2: Equity Distribution Plan - The company will distribute a cash dividend of RMB 0.435 per share (including tax) to shareholders, totaling approximately RMB 3.48 billion [2]. - The record date for the equity distribution is June 26, 2025, with the ex-dividend date on June 27, 2025 [2]. Group 3: Price Adjustment Calculation - The adjusted maximum repurchase price is calculated as follows: (34.13 - 0.433) / (1 + 0) = 33.70 RMB per share, where 0.433 RMB is the calculated cash dividend per share [3]. - The company will not experience changes in circulating shares due to the nature of the cash dividend distribution [3]. Group 4: Compliance and Disclosure - The company will adhere to relevant regulations regarding share repurchase and will disclose information regarding the progress of the repurchase in a timely manner [3].