RONGSHEGN ENVIRONMENTAL(SH:603165) Shang Hai Zheng Quan Bao·2025-10-10 19:20Core Viewpoint - Zhejiang Rongsheng Environmental Paper Co., Ltd. has announced a share repurchase plan to reduce its registered capital, with specific price limits and timelines for the repurchase [2][10]. Summary by Sections Share Repurchase Basic Information - The company will use its own or raised funds to repurchase shares through centralized bidding, with a maximum repurchase price of RMB 16.36 per share and a total repurchase amount between RMB 100 million and RMB 200 million, within a period of up to 12 months from the approval date [2][10][11]. Adjustment of Repurchase Price Limit - Following the implementation of the 2024 annual profit distribution, the maximum repurchase price was adjusted from RMB 16.36 to RMB 15.88 per share starting May 15, 2025 [3][11]. - After the 2025 semi-annual profit distribution, the maximum repurchase price was further adjusted to RMB 15.31 per share effective from October 16, 2025 [5][12]. Specifics of Price Adjustment - The adjustment formula for the repurchase price limit is based on the cash dividend distributed per share, calculated as approximately RMB 0.57 per share, leading to the new price limit of RMB 15.31 [6][12]. - The total number of shares to be repurchased is estimated to be between 6,531,679 and 13,063,357 shares, representing approximately 2.40% to 4.79% of the company's total share capital [6]. Progress of Share Repurchase - As of September 30, 2025, the company has repurchased a total of 7,201,232 shares, accounting for 2.64% of the total share capital, with a total expenditure of approximately RMB 80.69 million [13][14]. Other Matters - The company will continue to implement the share repurchase plan according to market conditions and will fulfill its information disclosure obligations as required by relevant laws and regulations [7][15].