JOINTAS(SZ:002909) Shang Hai Zheng Quan Bao·2025-09-01 21:50Core Viewpoint - The company, Guangzhou Jitai Chemical Co., Ltd., has announced a share repurchase plan with a budget between RMB 20 million and RMB 40 million, aimed at implementing employee stock ownership plans or equity incentive plans [1][3]. Group 1: Share Repurchase Plan - The board approved the share repurchase plan on December 25, 2024, allowing the company to use bank loans, self-owned funds, or other self-raised funds for the repurchase [1]. - The maximum repurchase price is set at RMB 8.57 per share, with the repurchase period not exceeding twelve months from the board's approval date [1]. - Following the annual equity distribution, the maximum repurchase price was adjusted to RMB 8.47 per share, effective from May 12, 2025 [2]. Group 2: Progress of Share Repurchase - As of August 31, 2025, the company has repurchased 800,000 shares, accounting for 0.21% of the total share capital, with a total expenditure of RMB 4,212,000 [3]. - The repurchase was conducted at a maximum price of RMB 5.52 per share and a minimum price of RMB 4.86 per share, adhering to the adjusted price limit [3]. Group 3: Compliance and Regulations - The company has ensured that the share repurchase activities comply with relevant regulations, including the Shenzhen Stock Exchange's guidelines [4][5]. - The company has not repurchased shares during periods that could significantly impact the trading price of its securities [5]. - The repurchase transactions are conducted under specific conditions, including not exceeding the daily trading price limit [6][7].