Core Viewpoint - The company, Shanghai Haishun New Material Co., Ltd., has adjusted the maximum repurchase price of its shares from 17.03 CNY to 23.88 CNY per share to ensure the smooth implementation of its share repurchase plan [1][3]. Group 1: Share Repurchase Plan - On October 9, 2024, the board approved a plan to repurchase shares using self-funds or raised funds, with a total repurchase amount between 100 million CNY and 200 million CNY, and a maximum price of 17.55 CNY per share [2]. - As of September 18, 2025, the company has repurchased a total of 4,168,675 shares, accounting for approximately 2.15% of the total share capital, with a total transaction amount of 64,629,090.43 CNY [2]. Group 2: Reasons for Adjustment - The adjustment of the repurchase price was influenced by recent stock price fluctuations exceeding the original upper limit, reflecting the company's confidence in its future stability and value [3]. - The new repurchase price allows for an estimated repurchase range of 564,990 to 983,750 shares, representing 2.92% to 5.08% of the current total share capital [3].

Group 1 - The company plans to repurchase shares using its own or raised funds, with a total amount between RMB 100 million and RMB 200 million, and a maximum repurchase price of RMB 17.55 per share, within a 12-month period from the board's approval [1] - Following the distribution of dividends, the maximum repurchase price has been adjusted to RMB 17.29 per share [2] - The company will distribute a cash dividend of RMB 2.70 per 10 shares, totaling approximately RMB 50.75 million, without capital reserve conversion or stock bonuses [3][4] Group 2 - The adjusted maximum repurchase price is now set at RMB 17.03 per share, effective from June 23, 2025, after accounting for the cash dividend distribution [4] - The company will continue to fulfill its information disclosure obligations during the repurchase period [4][5]