SDF(SH:605006) Shang Hai Zheng Quan Bao·2025-08-18 19:09Core Viewpoint - Shandong Glass Fiber Group Co., Ltd. has adjusted the upper limit of its share repurchase price from RMB 5.41 per share to RMB 10.22 per share to ensure the smooth implementation of the repurchase plan [2][7] Summary by Sections 1. Basic Information on Share Repurchase - The company approved a share repurchase plan on August 27, 2024, with a budget of no less than RMB 50 million and no more than RMB 100 million, at a price not exceeding RMB 5.41 per share [3] - The repurchase is intended for employee stock ownership plans or equity incentives [3] 2. Progress of Share Repurchase - As of now, the company has repurchased 6,220,980 shares, accounting for 1.0182% of the total share capital, with a total expenditure of approximately RMB 29.99 million [5] 3. Reasons and Main Content of Price Adjustment - The adjustment of the repurchase price limit is based on confidence in the company's future development and market value, considering the current capital market conditions and stock price changes [7] - The new upper limit of RMB 10.22 per share is set at 130% of the average stock price over the previous 30 trading days, with an estimated additional repurchase quantity of approximately 1,958,070 to 6,850,438 shares [7] 4. Rationality, Necessity, and Feasibility of the Adjustment - The adjustment is deemed necessary to ensure the smooth implementation of the repurchase plan and to protect investor interests, aligning with relevant regulations [8] - The adjustment will not significantly impact the company's operations, financial status, or future development, and is expected to enhance investor confidence [8] 5. Decision-Making Process for the Adjustment - The adjustment proposal was approved by the company's Strategic Development Committee and subsequently by the Board of Directors, without the need for shareholder approval [9]