Core Viewpoint - The company, Zhongshan Dayang Electric Motor Co., Ltd., has adjusted its share repurchase plan by raising the maximum repurchase price from 6.77 CNY to 15 CNY per share and extending the implementation period by six months until May 10, 2026 [1][4]. Summary by Sections Share Repurchase Plan Review - The company initially approved a share repurchase plan on November 11, 2024, using its own funds and special loan funds for repurchase, aimed at employee stock ownership plans or equity incentives. The original repurchase period was set for 12 months from the approval date [2]. Repurchase Progress - As of the announcement date, the company has repurchased 11,171,000 shares, accounting for 0.46% of the total share capital. The highest transaction price was 6.95 CNY per share, while the lowest was 5.27 CNY, with a total transaction amount of 68,328,321 CNY (excluding transaction fees) [3]. Reasons and Content of Adjustment - The adjustment was made due to the company's stock price consistently exceeding the previous repurchase price limit of 6.77 CNY. The company aims to ensure the smooth implementation of the repurchase plan based on confidence in its future development and recognition of its value. The estimated number of shares to be repurchased under the new price limit is approximately 3,444,779 to 8,778,112 shares, totaling around 14,615,779 to 19,949,112 shares, which would represent about 0.60% to 0.82% of the total share capital [4][5]. Impact of Adjustment and Decision Process - The adjustment complies with relevant regulations, and the new maximum repurchase price does not exceed 150% of the average trading price over the previous 30 trading days. Other aspects of the repurchase plan remain unchanged, including the total amount and purpose of the repurchase, ensuring no adverse impact on the company's operations or shareholder interests [5][6].
大洋电机调整回购股份价格上限至15元/股 并延长实施期限6个月