Jereh execs yet to buy stock in planned share purchase

Yantai Jereh Oilfield Services Group (SZSE:002353) announced that its Chairman, President, and Vice President have not yet purchased any company shares under their previously announced buyback plan. The plan, disclosed on September 19, 2024, outlined the executives' intention to collectively purchase between 7 million and 9 million RMB worth of Jereh stock within six months. The deadline for the share purchase is March 19, 2025. The company cited personal funding arrangements and stock price fluctuations as reasons for the delay. The executives reaffirmed their confidence in Jereh's long-term prospects and their commitment to completing the purchases as market conditions allow. They have pledged to comply with all relevant regulations regarding insider trading and shareholding disclosures.