SANHUA(SZ:002050) Shang Hai Zheng Quan Bao·2025-10-17 19:36Core Viewpoint - The company has decided to adjust the maximum repurchase price of its shares from RMB 35.75 per share to RMB 60.00 per share and extend the implementation period by two months until February 28, 2026, due to the recent stock price being consistently above the previous repurchase price limit [2][11]. Summary by Sections Meeting Details - The eighth board of directors held its ninth temporary meeting on October 17, 2025, with all 10 directors present, complying with the Company Law and the Articles of Association [1][4]. Repurchase Price Adjustment - The maximum repurchase price has been raised to RMB 60.00 per share, which is not more than 150% of the average trading price over the last 30 trading days prior to the board's decision [5][11]. - The implementation period for the repurchase plan has been extended by two months, now ending on February 28, 2026 [6][11]. Previous Repurchase Plan - The original repurchase plan approved on December 30, 2024, allowed for a maximum price of RMB 36.00 per share, with a total repurchase fund between RMB 300 million and RMB 600 million [8][10]. - As of the announcement date, the company had repurchased 1,506,800 shares, accounting for 0.0358% of the total share capital, with a total transaction amount of approximately RMB 35.97 million [10]. Reasons for Adjustment - The adjustment is based on the recognition of the company's long-term value and development prospects, ensuring the smooth implementation of the repurchase plan [2][11]. - The estimated number of shares to be repurchased under the new price limit is between approximately 4.4 million and 9.4 million shares, which would represent about 0.1404% to 0.2591% of the total share capital [11]. Compliance and Impact - The adjustment complies with relevant regulations and does not affect the company's debt repayment ability, ongoing operations, or listing status [12]. - The decision was made in accordance with the Shenzhen Stock Exchange's self-regulatory guidelines and the company's Articles of Association, and does not require shareholder approval [13].