Wens Foodstuff adjusts share repurchase price upper limit

Wens Foodstuff Group (SZSE:300498) announced an adjustment to the upper limit of its share repurchase price, effective May 26, 2025, due to the implementation of its 2024 annual equity distribution plan. The repurchase price ceiling has been revised from CNY 26.86 to CNY 26.66 per share. This adjustment aligns with the company’s previously announced share repurchase program, initially approved on September 18, 2024, intended for employee stock ownership or equity incentives. The company plans to repurchase shares via centralized competitive bidding, with a total repurchase amount ranging from CNY 90,000 to CNY 180,000. Concurrently, Wens Foodstuff also released details regarding its 2024 annual equity distribution, which includes a cash dividend of CNY 2.00 per 10 shares, totaling CNY 1,322,922,566.60, payable to shareholders registered by May 23, 2025. Consequently, the convertible bond conversion price will be adjusted from CNY 16.79 to CNY 16.59 per share.