C&S(SZ:002511) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-04 22:48Core Viewpoint - The company, Zhongshun Jierou Paper Co., Ltd., is actively engaged in a share repurchase program aimed at enhancing shareholder value and supporting employee stock ownership plans. Group 1: Share Repurchase Plan - The company’s board approved a share repurchase plan using its own funds, with a total repurchase amount set between RMB 30 million and RMB 60 million, at a maximum price of RMB 9.77 per share, estimating the repurchase of approximately 3,070,625 to 6,141,248 shares [2] - The repurchase plan was later adjusted to increase the total amount to between RMB 110 million and RMB 160 million, while other terms remained unchanged [3] - Further adjustments raised the total repurchase amount to between RMB 160 million and RMB 210 million, and allowed for the use of self-raised funds, including bank loans [4] Group 2: Progress of Share Repurchase - As of February 3, 2026, the company had repurchased a total of 26,254,600 shares, representing approximately 2.04% of the total share capital, with a total transaction amount of RMB 200,293,947 [5] - The maximum and minimum transaction prices during the repurchase were RMB 8.69 and RMB 6.01 per share, respectively [5] - The company transferred 23,000,000 shares to an employee stock ownership plan on September 9, 2025, as part of its fourth phase of employee stock ownership [6][7] Group 3: Compliance and Regulations - The company’s share repurchase activities comply with relevant laws and regulations, ensuring that repurchases do not occur during periods that could significantly impact stock prices [9] - The company will continue to implement the share repurchase plan based on market conditions and will fulfill its information disclosure obligations as required by law [9]