Friend (SH:605050) Shang Hai Zheng Quan Bao·2025-09-10 19:23Group 1 - The company held its 18th meeting of the third board of directors on September 10, 2025, with all 7 directors present, ensuring compliance with legal and procedural requirements [2][4][5] - The board approved an adjustment to the maximum repurchase price of shares from RMB 14.68 per share to RMB 25.21 per share, reflecting confidence in the company's future business development and market value [3][8][13] - The adjusted repurchase price does not exceed 150% of the average trading price of the company's shares over the 30 trading days prior to the board's decision [3][8][13] Group 2 - The company has previously approved a share repurchase plan using between RMB 40 million and RMB 80 million of its own funds and bank loans, with a maximum repurchase price of RMB 15.03 per share [9] - As of the announcement date, the company has repurchased a total of 2.1791 million shares, accounting for 0.4422% of the total share capital, with a total expenditure of approximately RMB 25.72 million [12] - The adjustment to the repurchase price is intended to ensure the smooth implementation of the repurchase plan and is not expected to adversely affect the company's operations or financial condition [14]