RONGSHEGN ENVIRONMENTAL(SH:603165) Shang Hai Zheng Quan Bao·2025-10-17 19:21Core Viewpoint - Zhejiang Rongsheng Environmental Paper Co., Ltd. has initiated a share repurchase program, aiming to buy back up to 3% of its total share capital, with a maximum repurchase price set at RMB 16.36 per share, and a total repurchase amount between RMB 10 million and RMB 20 million [1][2]. Group 1: Share Repurchase Basic Information - The company approved the share repurchase plan during board meetings held on October 23, 2024, and November 11, 2024, using self-owned or raised funds for the buyback [1]. - The repurchase period is set for up to 12 months from the date of shareholder approval [1]. Group 2: Adjustments to Repurchase Price - Following the implementation of the 2024 annual equity distribution, the maximum repurchase price was adjusted to RMB 15.88 per share starting May 15, 2025 [2]. - After the 2025 semi-annual equity distribution, the maximum repurchase price was further adjusted to RMB 15.31 per share starting October 16, 2025 [2]. Group 3: Progress of Share Repurchase - As of October 16, 2025, the company has repurchased a total of 8,357,832 shares, representing 3.07% of its total share capital of 272,624,718 shares [3]. - The highest repurchase price recorded was RMB 13.19 per share, while the lowest was RMB 10.77 per share, with a total expenditure of approximately RMB 95.69 million [3]. Group 4: Compliance and Future Actions - The share repurchase activities are in compliance with relevant laws and regulations, as well as the company's repurchase plan [4]. - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations in a timely manner [5].