Key Points - The company has adjusted the maximum repurchase price from RMB 101.87 per share to RMB 70.03 per share, effective from July 10, 2025 [1][2] - The total amount for the repurchase will be no less than RMB 10 million and no more than RMB 20 million [3][4] - The repurchase shares will be used for equity incentives at an appropriate time in the future [1] - The adjustment in the repurchase price is due to the implementation of the 2024 annual profit distribution, which includes a cash dividend of RMB 6.00 per 10 shares and a capital reserve increase of 4.5 shares for every 10 shares [2] - The adjusted maximum repurchase price calculation considers the cash dividend and the change in circulating shares [2] - The estimated number of shares to be repurchased ranges from approximately 142,796 to 285,591 shares, accounting for about 0.09% to 0.17% of the total share capital after the distribution [4] - Other aspects of the share repurchase remain unchanged, and the company will comply with relevant regulations during the repurchase period [4]

Core Viewpoint - The company has announced an adjustment to the maximum repurchase price of its shares following the implementation of the 2024 annual equity distribution, reducing the limit from RMB 65.04 per share to RMB 64.84 per share, effective from July 11, 2025 [1][2][3] Summary of Key Points Share Repurchase Basic Information - The company plans to repurchase shares through centralized bidding, with a minimum repurchase amount of RMB 38 per share and a repurchase period not exceeding 12 months from the approval date by the shareholders' meeting [1][2] Reason for Adjusting Share Repurchase Price Limit - The adjustment is based on the company's 2024 annual profit distribution plan, which proposes a cash dividend of RMB 2.0 per 10 shares (including tax) to all shareholders, with no other forms of distribution such as capital reserve transfers or stock dividends [2][3] Details of the Price Adjustment Calculation - The adjusted maximum repurchase price is calculated as follows: - Adjusted price = (Previous price limit - Cash dividend) + (New share price × Change in circulating shares) / (1 + Change in circulating shares) - Since the company is only distributing cash dividends and not changing the circulating shares, the change in circulating shares is 0, leading to the adjusted price of RMB 64.84 per share [3][4] Repurchase Quantity and Proportion - After the adjustment, the estimated repurchase quantity is between approximately 526,300 to 1,052,600 shares, representing about 0.42% to 0.84% of the company's total share capital [5] Other Matters - Aside from the price adjustment, all other aspects of the share repurchase plan remain unchanged, and the company will adhere to relevant regulations and guidelines during the repurchase process [5]

Group 1 - The company has approved a share repurchase plan with a total fund of no less than RMB 25 million and no more than RMB 50 million, with a maximum repurchase price of RMB 23 per share, to be executed within three months [1][2] - The company will distribute cash dividends of RMB 1 per 10 shares (including tax) to shareholders based on the adjusted total share capital after excluding repurchased shares, resulting in a total cash dividend distribution of RMB 56,176,056 [2] - The maximum repurchase price will be adjusted to RMB 22.90 per share due to the cash dividend distribution, calculated by subtracting the cash dividend per share from the original maximum repurchase price [2]