Securities Code: 002443
Securities Abbreviation: Jinzhu Pipeline
Announcement Number: 2026-027
Zhejiang Jinzhu Pipeline Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Basic Situation of Share Buyback
- Basic Situation of the First Phase of Share Buyback
On August 29, 2024, the Company held the 11th meeting of the 7th Board of Directors, where it approved the proposal on the share buyback plan. The Company agreed to use its own funds not less than 100 million RMB (inclusive) and not exceeding 200 million RMB (inclusive) to repurchase its issued ordinary shares (A shares) through centralized bidding. The repurchased shares will be used for implementing the employee stock ownership plan or equity incentive plan. The buyback price will not exceed 7.93 RMB per share (inclusive). Based on the upper limit of the buyback price and the upper and lower limits of the buyback amount, the estimated number of repurchased shares is approximately 12,610,340 to 25,220,680 shares, accounting for about 2.42% to 4.85% of the Company's currently issued total share capital. The specific number of repurchased shares will be subject to the actual number repurchased at the end of the buyback. The shares repurchased for the employee stock ownership plan or equity incentive plan will be held for no more than 12 months from the date the Board of Directors approved the buyback plan. For details, please refer to the Company's announcements on August 30 and September 10, 2024, disclosed on the Giant Tide Information Network (www.cninfo.com.cn) and in the Securities Times, including the "Announcement on the Share Buyback Plan" (Announcement No.: 2024-027) and the "Buyback Report" (Announcement No.: 2024-032).
Given that the Company's 2024 annual equity distribution has been completed, the Company adjusted the upper limit of the buyback price. The upper limit of the buyback price was adjusted from not exceeding 7.93 RMB per share (inclusive) to not exceeding 7.73 RMB per share (inclusive), effective on May 28, 2025. For details, please refer to the Company's announcement on June 4, 2025, disclosed on the Giant Tide Information Network (www.cninfo.com.cn) and in the Securities Times, titled "Announcement on the Progress of Share Buyback and Adjustment of Buyback Price after Implementation of 2024 Annual Equity Distribution" (Announcement No.: 2025-027).