C&S Paper initiates share repurchase program

C&S Paper (SZSE:002511) announced the commencement of its share repurchase program, authorized by the company's board, with the first repurchase executed on April 7, 2025. The company repurchased 1,600,000 shares, representing 0.12% of its total share capital, through a dedicated securities account via centralized competitive trading. The repurchase price ranged from a high of CNY6.41 per share to a low of CNY6.01 per share, with the total transaction value reaching CNY9,974,884.00, excluding transaction costs. This repurchase is part of a larger plan to acquire shares for future employee stock ownership or equity incentive plans. The total repurchase amount will be between CNY3,000,000 and CNY6,000,000, at a price not exceeding CNY9.77 per share, and will be completed by April 1, 2026.