GONGNIU(SH:603195) Shang Hai Zheng Quan Bao·2025-09-19 18:25Core Viewpoint - The announcement details the share repurchase results and changes in share capital of Gongniu Group, including adjustments to the repurchase price limit and the execution of the repurchase plan [1][2][4]. Group 1: Share Repurchase Plan - Gongniu Group's board approved a share repurchase plan on April 23, 2025, allowing for the repurchase of shares using self-owned and raised funds, with a total repurchase amount between RMB 250 million and RMB 400 million [3]. - The repurchase period is set for 12 months following the board's approval [3]. Group 2: Price Adjustment - Following the implementation of the 2024 annual equity distribution on June 9, 2025, the maximum repurchase price was adjusted from RMB 107 per share to RMB 74.71 per share [2][4]. Group 3: Implementation Results - As of September 18, 2025, Gongniu Group successfully repurchased 5,036,025 shares, representing 0.28% of the total share capital, with a maximum price of RMB 50.62 per share and an average price of RMB 49.68 per share, totaling RMB 250.2 million [5][6]. - The repurchase was executed in accordance with the disclosed plan, and the funding sources included self-owned funds and bank loans [6]. Group 4: Share Handling - Of the repurchased shares, 4,143,300 shares were allocated for the 2025 restricted stock incentive plan, and 828,908 shares were transferred to the special talent holding plan [7]. - The remaining shares in the repurchase account will be used for the intended purposes, and any unused shares after three years will be canceled and reduce the registered capital [8].