Sinocera announces share repurchase plan for employee incentives

Shandong Sinocera Functional Material Co., Ltd. intends to repurchase between 100 million and 200 million yuan of its shares, at a maximum price of 30 yuan per share. This repurchase, utilizing the company's own and borrowed funds, is earmarked for equity incentive or employee stock ownership plans. The repurchase period will span 12 months from the date of board approval.

Based on the maximum repurchase value and price, the company anticipates repurchasing approximately 6.67 million shares, representing 0.6686% of its current total share capital. If the minimum value and maximum price are applied, roughly 3.33 million shares would be repurchased. Any shares not used for the stated purposes within 36 months will be cancelled.

The company's board believes this repurchase will not materially impact its financial health, including its asset-liability ratio, interest-bearing debt ratio, or cash flow. The board also confirms that all directors are committed to ensuring the company’s ongoing financial stability.