Jereh Oilfield adjusts share repurchase price after dividend distribution

Yantai Jereh Oilfield Services Group announced an adjustment to the upper limit of its share repurchase price from 49.00 yuan/share to 48.16 yuan/share, effective September 24, 2025. This revision follows the company's 2025 semi-annual equity distribution, approved on August 6, 2025. The distribution entails a cash dividend of 1.5 yuan per 10 shares (tax inclusive) based on the total share capital of 1,023,855,833 shares, excluding 3,093,656 shares held in the repurchase account.

The dividend, totaling 153,114,326.55 yuan, will be distributed on September 24, 2025, with an ex-dividend date of September 24, 2025. The adjusted repurchase price reflects the per-share cash dividend of 0.1495467 yuan, calculated by dividing the total cash dividend by the total share capital. The company's repurchase program, initiated on April 23, 2025, aims to repurchase shares worth between 150,000,000 yuan and 250,000,000 yuan for equity incentives or employee stock ownership plans.

Based on the adjusted maximum repurchase price of 48.16 yuan/share, the company anticipates repurchasing approximately 3.11m to 5.19m shares. All other aspects of the share repurchase plan remain unchanged.