Jiahua Energy adjusts share buyback price limit after dividend payout

Zhejiang Jiahua Energy Chemical Industry Co., Ltd. (Jiahua Energy) has announced an adjustment to the upper limit of its share repurchase price from RMB 11.82 per share to RMB 11.63 per share. This change is effective following its 2025 interim profit distribution plan. The company's previously approved plan aimed to repurchase shares through centralized bidding, with an initial price ceiling of RMB 12.01 per share. The program seeks to use company funds ranging from RMB 400 million to RMB 600 million over a 12-month period.

The price adjustment is a direct result of the 2025 half-year dividend distribution. Jiahua Energy paid a cash dividend of RMB 2.00 (inclusive of tax) per 10 shares to all shareholders based on the equity registration date of September 12, 2025. This distribution was calculated on a total share capital of 1,356,879,522 shares, excluding 38,757,200 repurchased shares.

The adjusted repurchase price upper limit of RMB 11.6257 per share was calculated using the formula: (adjusted pre-repurchase price upper limit - per-share cash dividend) / (1 + change ratio of outstanding shares). The per-share cash dividend for this distribution was approximately RMB 0.1943. Jiahua Energy's 2025 half-year equity distribution did not involve any bonus shares or share transfers.