C&S Paper progresses with share repurchase plan

C&S Paper Co., Ltd. (SZSE:002511) announced progress in its share repurchase plan approved at the Sixth Board's Eighth Meeting. As of April 30, 2025, the company has repurchased 2,100,000 shares, representing 0.16% of the total share capital, through a dedicated securities account via centralized bidding. The highest transaction price was CNY 6.50 per share, and the lowest was CNY 6.01 per share. The total transaction amount was CNY 13,216,384 (excluding transaction costs). The repurchase aims to use company funds to implement employee stock ownership or equity incentive plans. The company plans to repurchase shares up to a maximum price of CNY 9.77 per share, with a total repurchase amount ranging from CNY 30,000,000 to CNY 60,000,000, between April 2, 2025 and April 1, 2026. The company affirmed that the repurchase activities align with regulations and will continue executing the plan based on market conditions, urging investors to be aware of potential risks.