Jereh Oilfield's share repurchase tops 100 million yuan

Yantai Jereh Oilfield Services Group Co., Ltd. (Jereh Oilfield) announced the progress of its share repurchase program as of October 31, 2025. The company has cumulatively repurchased 3,087,500 shares, representing 0.30% of its total share capital. The highest transaction price for these shares was 38.65 yuan per share, and the lowest was 33.67 yuan per share. The total transaction value, excluding trading fees, amounted to 106,229,502.54 yuan.

The company's repurchase program, approved on April 23, 2025, aims to buy back shares for equity incentives or employee stock ownership plans, utilizing self-raised funds and a dedicated stock repurchase loan. The total capital allocated ranges from 150 million yuan to 250 million yuan. The repurchase price was initially capped at 49.00 yuan per share.

Following dividend distributions in 2024 and 2025, the maximum repurchase price was adjusted. Effective May 23, 2025, it was lowered to 48.31 yuan per share, and from September 24, 2025, it was further adjusted to 48.16 yuan per share. The company affirmed that the repurchase aligns with legal regulations and the approved share repurchase plan.