山东国瓷功能材料回购计划进展：截至2025年末尚未实施 1亿-2亿元回购额度待启动

Core Viewpoint - Shandong Guocer Functional Materials Co., Ltd. announced the progress of its share repurchase plan, which has not yet been implemented as of December 31, 2025, and will proceed based on market conditions within the designated timeframe [1][3]. Group 1: Repurchase Plan Overview - The company approved a share repurchase plan on November 6, 2025, intending to use its own and raised funds to repurchase shares through centralized bidding, aimed at employee stock ownership plans or equity incentive plans [2]. - The total amount allocated for the repurchase is set between 100 million yuan (inclusive) and 200 million yuan (inclusive), with a maximum repurchase price of 30 yuan per share (inclusive) [2]. - The implementation period for the repurchase is up to 12 months from the board's approval date, concluding by November 5, 2026, and does not require shareholder meeting approval [2]. Group 2: Current Status and Future Plans - As of the end of December 2025, the company has not executed the share repurchase as per the regulations of the Shenzhen Stock Exchange [3]. - The company plans to continue the repurchase according to market conditions and will fulfill its information disclosure obligations as required [4]. - Market analysts view the implementation of the repurchase plan as a recognition of the company's value, which may provide support for the company's stock price [4].