Shanghai Shunhao New Materials Technology Co., Ltd. Announcement on Adjusting the Upper Limit of Share Repurchase Price
The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Important Reminders: ● To ensure the smooth implementation of the share repurchase plan, the upper limit of the repurchase price for this batch of shares has been adjusted from RMB 11.82 per share (inclusive) to RMB 18.20 per share (inclusive). ● Except for the adjustment of the upper limit of the repurchase price, other contents of the share repurchase plan remain unchanged. ● The effective date of the adjustment to the upper limit of the repurchase price is June 23, 2026. ● As of now, the company has used a total repurchase amount of RMB 99,989,402.45 (excluding transaction fees), which is close to the lower limit of RMB 10,000,000,000 for this repurchase plan. If the amount of funds used for repurchase reaches the lower limit within the repurchase period, this repurchase plan may be terminated early from the date the company's management decides to terminate this repurchase plan.
I. Basic Information on Share Repurchase