BYE(SH:603861) Shang Hai Zheng Quan Bao·2025-10-09 19:05Core Viewpoint - The company, Guangzhou Baiyun Electric Equipment Co., Ltd., has announced adjustments to its share repurchase plan following its mid-year profit distribution, specifically lowering the maximum repurchase price per share from 14.70 yuan to 14.65 yuan due to changes in the total share capital and cash dividend distribution [2][3][4]. Group 1: Share Repurchase Plan - The company plans to use between 10 million yuan and 20 million yuan of its own and raised funds to repurchase shares through centralized bidding, with the intention of using the repurchased shares for employee stock ownership plans and/or equity incentives [2][6]. - The board approved the share repurchase plan on August 1, 2025, and further details were disclosed in subsequent announcements [2][6]. Group 2: Adjustment of Repurchase Price - The adjustment of the maximum repurchase price was necessitated by the company's mid-year profit distribution plan, which includes a cash dividend of 0.50 yuan per 10 shares, leading to a recalibration of the per-share distribution amount due to an increase in total share capital from the conversion of convertible bonds [3][4]. - The adjusted maximum repurchase price will take effect on September 25, 2025, and is calculated based on the formula that accounts for the cash dividend and changes in share capital [4]. Group 3: Progress of Share Repurchase - As of September 30, 2025, the company has not yet implemented any share repurchases, adhering to legal regulations and its own repurchase plan [8]. - The company will continue to monitor market conditions and make repurchase decisions accordingly, ensuring compliance with relevant regulations [8].