CNNP(SH:601985) Zheng Quan Zhi Xing·2025-07-17 10:21Summary of Key Points Core Viewpoint - China Nuclear Power Co., Ltd. has announced an adjustment to the maximum repurchase price of its shares following the 2024 annual equity distribution, reducing it from 13.98 RMB per share to 13.82 RMB per share, effective from July 18, 2025 [1][2]. Group 1: Share Repurchase Plan - The company plans to use its own and self-raised funds to repurchase shares through centralized bidding, with a total repurchase amount between 300 million RMB and 500 million RMB [1][2]. - The repurchase period is set for up to 12 months from the board's approval date on April 27, 2025 [1][2]. Group 2: Reasons for Price Adjustment - The adjustment in the repurchase price is due to the cash dividend distribution of 0.16 RMB per share (including tax) to shareholders, which will not affect the total number of circulating shares [2][3]. - The formula used for the adjustment considers the cash dividend and the change in circulating shares, which remains zero in this case [2][3]. Group 3: Financial Implications - With the new repurchase price of 13.82 RMB per share, the estimated number of shares to be repurchased ranges from approximately 21.71 million shares (0.11% of total shares) at the lower limit of 300 million RMB to about 36.18 million shares (0.18% of total shares) at the upper limit of 500 million RMB [3].