ZPMC(SH:600320) Shang Hai Zheng Quan Bao·2025-09-02 19:23Core Viewpoint - Shanghai Zhenhua Heavy Industries Co., Ltd. (referred to as "the company") has announced a share repurchase plan to enhance its market value management, with a total repurchase amount between RMB 50 million and RMB 100 million, and a price ceiling adjusted to RMB 6.88 per share [2][4]. Group 1: Share Repurchase Basic Information - The company plans to repurchase its A-shares within 12 months from the approval date of the plan, using its own or raised funds through the Shanghai Stock Exchange [2]. - The repurchased shares will be used for cancellation and reduction of the company's registered capital [2]. - The initial price ceiling for the repurchase was set at RMB 6.93 per share but has been adjusted to RMB 6.88 per share due to the company's 2024 annual equity distribution [2]. Group 2: Progress of Share Repurchase - As of August 31, 2025, the company has not yet repurchased any shares and will implement the repurchase plan based on market conditions [4]. - The company commits to strictly follow relevant regulations during the repurchase period and will disclose information regarding the progress of the share repurchase in a timely manner [5].