SHBM(SH:900939) Zheng Quan Zhi Xing·2025-08-17 16:11Core Viewpoint - The company has announced an adjustment to the upper limit of its share repurchase price from $0.510 to $0.700 per share to ensure the smooth implementation of the repurchase plan in light of recent stock price increases [2][3][4] Summary by Sections 1. Share Repurchase Plan - The company has approved a plan to repurchase shares using its own funds through the Shanghai Stock Exchange, with a total repurchase amount between RMB 3 million and RMB 6 million [2] - The repurchase price is set at a maximum of $0.510 per share, with a duration of three months from the board's approval date [2] 2. Progress of Share Repurchase - As of August 15, 2025, the company has repurchased a total of 1,253,836 shares, accounting for 0.6908% of the total share capital, with a total expenditure of $347,600 (approximately RMB 2.4811 million) [2] 3. Adjustment of Repurchase Price Limit - The upper limit for the repurchase price has been adjusted to $0.700 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [2][3] - Other aspects of the repurchase plan remain unchanged [3] 4. Impact of Price Adjustment - The adjustment complies with relevant regulations and is intended to facilitate the successful execution of the share repurchase without adversely affecting the company's operations, financial status, or future development [2][4] - The adjustment will not change the company's control or its listing status [2][4] 5. Decision-Making Process - The decision to adjust the repurchase price was made during the company's 15th temporary board meeting, with unanimous approval from the board members [3][4]