CHANGHONG(SH:600839) Zheng Quan Zhi Xing·2025-07-10 16:21Core Viewpoint - Sichuan Changhong Electric Co., Ltd. has announced an adjustment to the maximum repurchase price of its shares following the 2024 annual equity distribution, lowering it from RMB 14 per share to RMB 13.95 per share, effective from July 18, 2025 [1][2][3] Summary of Key Points Share Repurchase Overview - The company plans to repurchase its A-shares using its own funds and a special loan for share repurchase, with a total repurchase fund ranging from RMB 250 million to RMB 500 million [1][2] - The repurchase price was initially set at a maximum of RMB 14 per share, with the implementation period lasting 12 months from the approval date [1][2] Reason for Price Adjustment - The adjustment in the repurchase price is due to the company's decision to distribute a cash dividend of RMB 0.05 per share, totaling RMB 230,812,211.10, with the record date on July 17, 2025, and the ex-dividend date on July 18, 2025 [1][2] Details of Price Adjustment - The new maximum repurchase price is calculated as follows: (previous maximum price - cash dividend) / (1 + change in circulating shares ratio) [2][3] - The cash dividend per share is determined to be RMB 0.05, and since there are no changes in circulating shares, the change ratio is 0 [2][3] Estimated Repurchase Quantity - With the adjusted maximum repurchase price of RMB 13.95 per share, the estimated maximum number of shares to be repurchased is approximately 35,842,294 shares, accounting for about 0.78% of the total share capital, while the minimum estimated number is about 17,921,147 shares, or 0.39% of the total share capital [3][4] Other Notes - Other aspects of the share repurchase plan remain unchanged, and the company will continue to comply with relevant regulations during the repurchase period [4]