AnHui Jinchun Nonwoven (SZ:300877) Xin Lang Zheng Quan·2025-08-26 11:48Core Viewpoint - Anhui Jinchun Nonwoven Fabric Co., Ltd. has adjusted the maximum repurchase price of its shares from 17.90 CNY to 35 CNY per share to ensure the smooth implementation of its repurchase plan, reflecting confidence in the company's future development and value recognition [1][3]. Summary by Sections Repurchase Basic Situation and Progress Review - On April 8, 2025, the company approved a repurchase plan with a budget of no less than 10 million CNY and no more than 20 million CNY, with a maximum repurchase price of 18 CNY per share, to be executed within 12 months [2]. - As of the announcement date, the company had repurchased 100,000 shares, accounting for 0.08% of the total share capital, with a total transaction amount of 1,528,200 CNY [2]. Reasons for Adjustment and Main Content - The adjustment was made due to the company's stock price consistently exceeding the original repurchase price limit, with the new limit set at 35 CNY per share, which is 150% of the average trading price over the previous 30 trading days [3]. - The estimated number of shares to be repurchased at the new price is between 285,700 and 571,400 shares, representing 0.24% to 0.48% of the current total share capital [3]. Impact of Adjustment and Decision-Making Process - The adjustment aligns with relevant regulations and is beneficial for the smooth implementation of the repurchase plan, without affecting the company's debt obligations, ongoing operations, or listing status [4]. - The board and supervisory committee approved the adjustment, maintaining all other aspects of the repurchase plan unchanged, while acknowledging the risk of the plan being partially or fully unimplemented if the stock price continues to exceed the upper limit [4].