Xin Lang Cai Jing·2025-10-30 12:12Core Points - Company announced to maintain the A-share repurchase price limit at RMB 14.98 per share without adjustments to ensure smooth implementation of the repurchase plan [1][3][4] - The repurchase plan allows for the buyback of 50 million to 100 million shares within three months at the set price limit [2][4] - The decision to maintain the price limit is based on confidence in the company's future business development and market value [4][5] Repurchase Plan Background and Progress - The board approved the repurchase plan on October 13, 2025, with a price limit of RMB 14.98 per share [2] - The repurchase is set to occur within three months from the board's approval date, with a total share buyback range of 50 million to 100 million shares [2] - As of the announcement date, the company has not yet implemented the repurchase plan [2] Reasons for Maintaining the Price Limit - Following the mid-year profit distribution plan, the theoretical adjusted repurchase price limit would be RMB 14.42 per share after accounting for a cash dividend of RMB 0.56 per share [3] - The company decided to keep the original price limit of RMB 14.98 per share as the current market price exceeds the adjusted limit, ensuring the repurchase can proceed smoothly [3][4] Impact on the Company and Decision-Making Process - Maintaining the repurchase price limit is intended to enhance investor confidence and align market price with intrinsic value [4] - The board's decision reflects a comprehensive consideration of market changes and aims to protect shareholder interests [4][5] - The arrangement is not expected to adversely affect the company's financial status or future development [4]