Yantai Jereh approaches 106m yuan in share repurchases

Yantai Jereh Oilfield Services Group Co., Ltd. has announced the latest progress in its share repurchase program. As of August 31, 2025, the company has cumulatively repurchased 3,087,500 shares through its dedicated securities account via centralized bidding. This represents 0.30% of the company's total share capital.

The repurchases were executed at prices ranging from a maximum of 38.65 yuan per share to a minimum of 33.67 yuan per share. The total transaction value, excluding trading fees, amounted to 106,229,502.54 yuan. The funds for this repurchase program are sourced from the company's own capital and a special loan for share repurchases, with the repurchase price not exceeding 48.31 yuan per share.

The company's board of directors approved the repurchase plan on April 23, 2025, intending to use between 150 million yuan and 250 million yuan for share buybacks to be used for equity incentives or employee stock ownership plans. The repurchase price was adjusted from 49.00 yuan per share to 48.31 yuan per share following the 2024 annual equity distribution on May 23, 2025.