Sunxing(SH:603978) Shang Hai Zheng Quan Bao·2025-11-12 19:14Core Viewpoint - The company has adjusted the maximum repurchase price of its shares from RMB 30 per share to RMB 41 per share to ensure the smooth implementation of the share repurchase plan [1][5][6] Group 1: Share Repurchase Plan Overview - The company proposed a share repurchase plan using its own funds through centralized bidding, aimed at employee stock ownership plans or equity incentives [2] - The initial repurchase price was set at a maximum of RMB 18 per share, with a total fund amount between RMB 30 million and RMB 60 million, and a repurchase period from February 20, 2024, to February 19, 2025 [2] - The repurchase period was later extended by 9 months, now ending on November 19, 2025 [3] Group 2: Progress of Share Repurchase - As of the announcement date, the company has repurchased a total of 1.3574 million shares, accounting for 0.64% of the total share capital, with a total expenditure of approximately RMB 20.06 million [5] - The highest purchase price was RMB 28.43 per share, while the lowest was RMB 9.33 per share [5] Group 3: Adjustment of Repurchase Price Cap - The adjustment of the repurchase price cap to RMB 41 per share is based on the recent increase in the company's stock price, ensuring it remains below 150% of the average stock price over the previous 30 trading days [5] - The decision to adjust the price cap was approved by the company's board of directors and does not require shareholder meeting approval [6] Group 4: Impact of Price Cap Adjustment - The adjustment is in compliance with relevant regulations and is expected to facilitate the smooth execution of the repurchase plan without adversely affecting the company's operations, financial status, or future development [5]