Luster(SH:688400) Xin Lang Cai Jing·2025-09-19 08:56Core Viewpoint - Lingyun Technology Co., Ltd. has adjusted the upper limit of its share repurchase plan to ensure smooth implementation of the fourth repurchase plan [1][3]. Summary by Sections Repurchase Plan Progress Review - On November 28, 2024, Lingyun held its 12th meeting of the second board of directors, approving a share repurchase plan using self-owned funds for employee stock ownership or equity incentive plans, with a maximum repurchase price of 35 CNY per share and a total fund amount between 50 million CNY and 100 million CNY, with a repurchase period of 12 months from the board's approval [2]. - As of the announcement date, the company has repurchased 17,515 shares, accounting for 0.0038% of the total share capital of 46,097.67 million shares, with a maximum repurchase price of 28.63 CNY and a minimum price of 28.49 CNY, totaling 500,156.87 CNY (excluding transaction fees) [2]. Price Limit Adjustment Details - Due to market conditions, stock price changes, trading window periods, and funding arrangements, Lingyun has raised the upper limit of the repurchase price from 34.98 CNY to 52.00 CNY per share, which does not exceed 150% of the average trading price of the company's stock over the 30 trading days prior to the board's decision [3]. - Based on the upper limit of 100 million CNY and the adjusted repurchase price of 52.00 CNY, approximately 192.31 million shares are expected to be repurchased, accounting for about 0.42% of the total share capital; with a lower limit of 50 million CNY, approximately 96.15 million shares are expected, accounting for about 0.21% [3]. Impact Analysis of the Adjustment - The adjustment is based on relevant laws and regulations, considering the company's financial and market conditions, and will not significantly impact the company's debt obligations or ongoing operations, nor will it harm the interests of the company and all shareholders [4]. - The second board of directors approved the adjustment on September 19, 2025, and according to the company's articles of association, it does not require submission to the shareholders' meeting for approval [4].