Tianan New Materials (603725.SH) issued an announcement. In view of the recent impact of capital market conditions and changes in the company's stock price, the company's stock price recently continued to exceed the maximum repurchase price of 8 yuan/share as proposed in the plan. Based on confidence in the company's future stable development and recognition of the company's value, and also to ensure the smooth implementation of this share repurchase matter and effectively maintain the company's value and shareholders' rights, the company plans to adjust the maximum repurchase price from RMB 8 per share to RMB 14 per share. The price is no higher than the current board of directors reviewed and approved the “On Adjusting the Price of Repurchase Shares” 150% of the average price of the company's shares on the 30 trading days before the resolution of the “Bill to Limit and Extend the Implementation Period”; the repurchase period was extended from 3 months to 12 months, that is, the repurchase implementation period is from February 18, 2024 to February 17, 2025.
天安新材(603725.SH)拟将回购价格上限由8元/股调整至14元/股
Tianan New Materials (603725.SH) plans to adjust the maximum repurchase price from 8 yuan/share to 14 yuan/share
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