JINGXING PAPER(SZ:002067) Xin Lang Zheng Quan·2025-11-18 10:54Core Viewpoint - Zhejiang Jingxing Paper Industry Co., Ltd. has announced an extension of its share repurchase plan by three months, now set to conclude on February 19, 2026, while maintaining the original funding scale and price cap [1][3]. Summary by Sections Original Repurchase Plan Overview - The initial share repurchase plan was approved on October 30, 2024, and confirmed by a shareholder meeting on November 19, 2024. The plan aimed to repurchase shares within 12 months, with a total funding of no less than 80 million yuan (approximately 11.2 million USD) and no more than 150 million yuan (approximately 21 million USD), at a maximum price of 4.00 yuan (approximately 0.56 USD) per share [2]. Reasons for Extension - The company cited multiple factors for the inability to complete the repurchase within the original timeframe, including funding arrangements, market fluctuations, and the stock price consistently exceeding the maximum repurchase price. The extension aims to ensure the smooth implementation of the repurchase plan while considering the company's long-term sustainability and shareholder interests [3]. Impact of Extension on Company Operations - The extension of the repurchase period is expected to facilitate the plan's implementation without adversely affecting the company's operations, finances, research and development, debt obligations, or future growth. It will not alter the company's control or listing status, nor will it negatively impact the interests of shareholders, particularly minority shareholders [4]. Decision-Making Process - The board of directors approved the extension without needing to present it to the shareholders again, as the original plan had already granted the board the authority to manage repurchase-related matters [5].