Xin Lang Zheng Quan·2025-09-29 12:51Core Points - The company Pacific Precision Forging Technology announced an adjustment to the maximum repurchase price for its shares, changing it from 12.96 CNY per share to 12.93 CNY per share, effective from October 16, 2025 [1][4]. Summary by Sections Repurchase Plan Review - On November 4, 2024, the company held its fifth board meeting and subsequently convened a special shareholders' meeting on November 22, 2024, to approve a share repurchase plan. The plan involves using self-owned funds and bank loans to repurchase shares through centralized bidding, aimed at reducing registered capital and implementing an employee stock ownership plan or equity incentive. The total repurchase amount is set between 100 million CNY and 200 million CNY, with a maximum repurchase price of 13.00 CNY per share, to be executed within 12 months from the approval date [2]. Reason for Adjustment - The adjustment in the repurchase price is linked to the company's semi-annual equity distribution plan for 2025, which involves distributing 0.35 CNY per 10 shares to all shareholders, totaling approximately 20.15 million CNY. The record date for the equity distribution is October 15, 2025, and the ex-dividend date is October 16, 2025. The repurchase price must be adjusted accordingly if any ex-dividend events occur during the repurchase period [3]. Adjustment Details - The maximum repurchase price has been adjusted from 12.96 CNY per share to 12.93 CNY per share, calculated by subtracting approximately 0.0344 CNY from the previous price. This adjustment follows the relevant regulations [4]. Other Notes - Aside from the adjustment in the maximum repurchase price, all other aspects of the share repurchase plan remain unchanged. The company will fulfill its information disclosure obligations in a timely manner during the repurchase period [5].