Tianan New Materials (603725.SH) issued an announcement due to recent changes in capital market conditions and the company's stock price...
Zhitong Finance App News, 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 continues to exceed the maximum repurchase price of 8 yuan/share 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 protect the company's value and shareholders' rights, the company plans to adjust the maximum repurchase price from RMB 8 yuan/share to RMB 14 per share. The price is no higher than the current board of directors deliberated and approved “About 150% of the average price of the company's shares in the 30 trading days before the resolution on the “Proposal to Adjust the Price Cap for Repurchase Shares 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.