JNGX(SH:600527) Zheng Quan Zhi Xing·2025-06-25 20:05Summary of Key Points Core Viewpoint - Jiangnan High Fiber Co., Ltd. has successfully completed its share repurchase plan, utilizing its own funds to buy back shares for employee stock ownership plans and to maintain company value and shareholder rights [1][3]. Group 1: Share Repurchase Plan Details - The share repurchase plan was first disclosed on June 27, 2024, and the implementation period was from June 26, 2024, to June 25, 2025 [1]. - The expected repurchase amount is between 40 million to 50 million RMB [1]. - The company has repurchased a total of 24,400,071 shares, which accounts for 1.41% of the total share capital [2][3]. Group 2: Implementation and Financials - The total amount spent on the repurchase was 40,908,600 RMB, with a purchase price range of 1.34 to 2.16 RMB per share [2][3]. - The repurchase was approved by the board on June 26, 2024, and the first repurchase was executed on July 5, 2024 [2][3]. Group 3: Impact and Future Plans - The funds used for the repurchase were entirely from the company's own resources, and the repurchase will not significantly impact the company's operations, finances, or future development [3]. - The repurchased shares will be held in a dedicated repurchase account and will not enjoy rights such as profit distribution or voting rights [5]. If not utilized within 36 months, the unutilized shares will be canceled [5].