Nantong Jianghai boosts governance, raises share buyback price

Nantong Jianghai Capacitor Company Limited has enacted several key governance updates and a significant adjustment to its share buyback program. The company approved an accountability system for material errors in annual report information disclosure, aiming to improve transparency and safeguard investor interests. This system defines material errors, outlines investigation and correction procedures, and establishes forms of accountability for responsible personnel. Additionally, Nantong Jianghai's board of directors approved new management policies for investor relations, internal information, related party transactions, and fundraising, underscoring a comprehensive approach to corporate governance.

In a move to facilitate its ongoing share buyback program, Nantong Jianghai increased the maximum buyback price from 19.74 yuan per share to 35 yuan per share, effective September 26, 2025. This adjustment, approved by the board of directors, aims to ensure the smooth implementation of the buyback, which currently stands at 1,098,400 shares for a total of 19,998,282.00 yuan. The company also announced a change in its accounting firm, appointing Tianjian Certified Public Accountants (Special General Partnership) for the 2025 financial year, replacing Tianheng Certified Public Accountants (Special General Partnership) after 17 years of service.

These changes were approved during the company’s Seventh Board of Directors’ Sixth Meeting on September 25, 2025. The revised buyback price and several governance policies require shareholder approval at an extraordinary general meeting scheduled for October 15, 2025.