Core Points - The company has adjusted the maximum repurchase price from RMB 17.22 per share to RMB 17.12 per share following the implementation of the 2024 annual equity distribution [1][3] - The adjustment will take effect from July 14, 2025, which is the date of the equity distribution ex-rights and ex-dividends [1][3] - The total amount for the repurchase will be no less than RMB 15 million and no more than RMB 30 million [1] Repurchase Plan Details - The repurchase is intended to be conducted through centralized bidding using the company's own and raised funds [1] - The repurchase is aimed at implementing an employee stock ownership plan and/or equity incentives [1] - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares (including tax) to all shareholders based on the total share capital as of the equity distribution registration date [2] Price Adjustment Reasoning - The adjustment in the repurchase price is due to the cash dividend distribution, which necessitates a recalibration of the repurchase price to maintain the total distribution amount [2][3] - The cash dividend per share is calculated based on the total number of shares eligible for distribution, resulting in an approximate cash dividend of RMB 0.10 per share [3] Other Matters - Aside from the price adjustment, all other aspects of the repurchase plan remain unchanged [3] - The company will adhere to relevant regulations and guidelines during the repurchase period and will disclose progress in a timely manner [3]
联翔股份: 关于2024年年度权益分派实施后调整回购价格上限的公告