Jiuli Special Materials: Proposes to Repurchase Company Shares for 150 Million to 200 Million Yuan

NightAirdropper · 2026-03-26T05:05:30+00:00

Xinhua Beijing News (Beike Finance) - On March 24, Jiumo Special Materials released an announcement stating that the company plans to repurchase shares using its own funds through centralized competitive bidding. The total repurchase fund will be no less than 150 million yuan and no more than 200 million yuan, with a repurchase price not exceeding 50 yuan per share. Based on the upper price limit calculation, the estimated number of repurchased shares is 3 million to 4 million shares, representing 0.31% to 0.41% of the company's total share capital. The repurchased shares will be used for employee stock ownership plans, equity incentives, or future convertible bond conversions. The repurchase period will commence from the date of board approval and shall not exceed 12 months.

NightAirdropper

2026-03-26 05:05:30

Beijing News Shell Finance reported that on March 24, Jiuli Special Materials announced that the company plans to use its own funds to repurchase shares through centralized bidding. The total repurchase amount will not be less than 150 million yuan and not more than 200 million yuan, with a repurchase price not exceeding 50 yuan per share. Based on the price ceiling, it is estimated that the number of shares to be repurchased will be between 3 million and 4 million, accounting for 0.31% to 0.41% of the company’s total share capital. The repurchased shares will be used for employee stock ownership plans, equity incentives, or future convertible bond conversions. The repurchase period will not exceed 12 months from the date the board of directors approves it.

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