Darbond Technology (SH:688035) Shang Hai Zheng Quan Bao·2025-09-29 21:35Core Viewpoint - The company has adjusted the upper limit for the repurchase price of its shares following the implementation of the 2025 semi-annual profit distribution plan, reducing it from RMB 63.27 per share to RMB 63.17 per share [2][3][6]. Summary by Sections Share Repurchase Overview - The company approved a share repurchase plan on April 2, 2025, allowing for a total repurchase fund of no less than RMB 40 million and no more than RMB 80 million, with an initial upper price limit of RMB 63.52 per share [2][3]. - The repurchase is intended for employee stock ownership plans or equity incentives, with a duration of 12 months from the board's approval date [2]. Reason for Price Adjustment - Following the approval of the 2025 semi-annual profit distribution plan on September 1, 2025, the company will distribute a cash dividend of RMB 1.00 per 10 shares to all shareholders, with the record date set for October 13, 2025 [4][10]. - The adjustment in the repurchase price is in accordance with regulations regarding changes in share capital and dividend distributions [4][6]. Specifics of the Price Adjustment - The new upper limit for the repurchase price is calculated as follows: [(previous upper limit - cash dividend) + (new share price × change in circulating shares)] / (1 + change in circulating shares) [6]. - Since there are no changes in circulating shares, the adjustment results in a new upper limit of RMB 63.17 per share [6][7]. - Based on the upper limit of RMB 80 million, the estimated number of shares to be repurchased is approximately 126.64 million shares, representing about 0.89% of the total share capital [7]. Other Matters - All other aspects of the share repurchase plan remain unchanged, and the company will adhere to relevant regulations during the repurchase process [8].