Xinghui Environment: Intending to use no more than 200 million RMB to repurchase company shares.
Starlight Ring Materials Announcement: The company plans to use its own funds to conduct a centralized bidding transaction to repurchase the RMB ordinary shares issued by the company, in order to maintain the company's value and shareholder rights. The repurchased shares will be sold in accordance with relevant regulations. The total amount of funds for this repurchase shall not be less than RMB 100 million and not more than RMB 200 million, and the repurchase price per share shall not exceed RMB 65.54. Based on the maximum repurchase price of RMB 65.54 per share and the maximum repurchase amount, it is estimated that the number of shares that can be repurchased is 3.0516 million shares, accounting for 1.58% of the company's current total share capital; based on the minimum repurchase amount, it is estimated that the number of shares that can be repurchased is 1.5258 million shares, accounting for 0.79% of the company's current total share capital. The specific number of repurchased shares shall be subject to the actual number of shares repurchased at the end of the repurchase period. The implementation period for the repurchase of shares shall not exceed 3 months from the date of approval of the repurchase plan by the company's board of directors.
(Note: This translation is for informational purposes only and may not be an exact translation of the original text.)
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