HUAMING(SZ:002270) Shang Hai Zheng Quan Bao·2025-07-04 19:58Core Viewpoint - The company has adjusted its share repurchase plan, increasing the total repurchase fund from a range of RMB 150 million to RMB 200 million to a new range of RMB 150 million to RMB 250 million, while other aspects of the repurchase plan remain unchanged [3][11][14]. Group 1: Board Meeting Details - The second meeting of the seventh board of directors was held on July 4, 2025, in Shanghai, with all nine directors present [2]. - The meeting was chaired by the company's chairman, Mr. Xiao Yi, and was conducted in accordance with relevant laws and regulations [2]. Group 2: Share Repurchase Plan Adjustment - The adjustment to the share repurchase plan was approved unanimously by the board, with 9 votes in favor and none against [3][11]. - The new total repurchase fund range is set to be no less than RMB 150 million and no more than RMB 250 million [3][8]. - The repurchase plan aims to support the company's future business development and employee stock ownership plan [14]. Group 3: Repurchase Plan Progress - As of July 4, 2025, the company has repurchased 11,995,609 shares, accounting for 1.3385% of the total share capital, with a total transaction amount of approximately RMB 189.5 million [13]. - The highest and lowest transaction prices during the repurchase were RMB 17.76 and RMB 14.74 per share, respectively [13]. Group 4: Rationale for Adjustment - The adjustment is based on the company's confidence in its future development and aims to enhance the long-term incentive mechanism for core employees [14]. - The estimated number of shares to be repurchased under the new plan ranges from approximately 6,152,584 shares to 10,254,306 shares, depending on the total repurchase fund utilized [14]. Group 5: Compliance and Decision-Making Process - The adjustment complies with the Company Law and relevant regulations, ensuring that it does not harm the company's debt repayment ability or operational sustainability [16][15]. - The decision to adjust the repurchase plan was made by the board of directors and does not require shareholder approval [17].