CJS(SH:600176) Shang Hai Zheng Quan Bao·2025-09-24 21:05Core Viewpoint - China Jushi Co., Ltd. has announced a plan to repurchase shares through centralized bidding, aiming to enhance its long-term incentive mechanism and affirm confidence in its future development [10][17]. Group 1: Share Repurchase Plan - The board of directors approved a share repurchase plan, with a vote of 9 in favor and none against [2][14]. - The proposed repurchase will involve buying back between 30 million and 40 million shares, representing 0.75% to 1.00% of the total share capital [10][21]. - The maximum repurchase price is set at 22 RMB per share, which is 150% of the average trading price over the previous 30 trading days [10][22]. Group 2: Meeting Details - A temporary shareholders' meeting is scheduled for October 21, 2025, to further discuss the share repurchase plan [5][31]. - The meeting will be held at the company's conference room in Tongxiang, Zhejiang Province, and will include both on-site and online voting options [5][32]. Group 3: Funding and Usage - The funds for the repurchase will come from the company's own funds and self-raised funds [12][23]. - The repurchased shares are intended for the company's equity incentive plan, and any unused shares will be canceled within three years if not utilized [12][27]. Group 4: Financial Impact - The total estimated cost for the repurchase is capped at 88 million RMB, which is a small percentage of the company's total assets, net assets, and current assets [21][24]. - The company believes that the repurchase will not significantly impact its operations, finances, or future development [25].