MIHF(SH:600337) Zheng Quan Zhi Xing·2025-07-11 16:13Core Viewpoint - The company, Meike International Home Products Co., Ltd., has announced an extension of its share repurchase plan by 9 months, now set to conclude on April 27, 2026, while other aspects of the repurchase plan remain unchanged [1][3]. Summary by Sections 1. Basic Information on Share Repurchase - The company plans to repurchase shares with a budget between RMB 50 million and RMB 100 million, using its own or raised funds through centralized bidding [1]. - The initial repurchase plan was approved on July 29, 2024, and was set to last for up to 12 months from the date of approval [1]. 2. Implementation Status of Share Repurchase - As of the announcement date, the company has repurchased a total of 1.79 million shares, representing 0.12% of its total share capital, with a total expenditure of RMB 2.6748 million [2]. - The highest purchase price was RMB 1.57 per share, while the lowest was RMB 1.47 per share [2]. 3. Reasons and Content of the Adjustment - The extension of the repurchase period is due to various factors including market conditions, stock price fluctuations, and funding arrangements, which have hindered the completion of the repurchase plan within the original timeframe [2][3]. - The adjustment aims to maintain the company's long-term sustainable operations and protect the interests of all shareholders [3]. 4. Rationality, Necessity, and Feasibility of the Adjustment - The adjustment is deemed rational and necessary, considering future economic conditions, market changes, and the company's financial status, facilitating the smooth implementation of the repurchase plan [3]. 5. Impact of the Adjustment on Company Operations - The adjustment will not significantly affect the company's operational, financial, or future development capabilities, nor will it impair its debt servicing ability [4]. - The repurchase is intended to enhance company value and protect shareholder rights, particularly for minority shareholders [4]. 6. Decision-Making Process for the Adjustment - The extension of the repurchase period has been approved by the company's board and will be submitted for review at the upcoming shareholder meeting [4].