Eddie Precision announces share repurchase and convertible bond updates

Yantai Eddie Precision Machinery (SSE:603638) announced a share repurchase plan of up to CNY 200,000,000 through centralized competitive bidding, with a minimum of CNY 100,000,000. The repurchased shares, priced no more than CNY 27 per share, will be used to convert the company's convertible bonds. This initiative, approved by the board on November 20, 2025, is valid for 12 months, with funds sourced from the company's own capital.

The company will implement a cash dividend of CNY 1.00 per 10 shares for the first three quarters of 2025. Consequently, "Eddie Convertible Bonds" will suspend conversion from December 1, 2025, until the equity registration date, resuming on the first trading day thereafter.

Separately, the company's major shareholder, Yantai Xiangyu Investment Co., Ltd., reported a partial share release from pledge, reducing its pledged shares to 25,500,000, representing 17.38% of its holdings. The total pledged shares by controlling shareholders and their concert parties now stand at 31,170,000, or 6.23% of their combined holdings.