Jingxing Paper extends share buyback program, reports initial progress

Zhejiang Jingxing Paper Joint Stock Company announced the progress of its share repurchase program, initially approved on November 19, 2024. The program aims to repurchase shares with a value between 80 million yuan and 150 million yuan, at a price not exceeding 4.00 yuan per share, for conversion into company bonds. The company recently extended the implementation deadline by three months, shifting the new end date to February 19, 2026.

As of November 30, 2025, the company has cumulatively repurchased 1,293,300 shares through concentrated bidding, representing 0.0910% of its total share capital. The transactions were executed at prices ranging from 3.47 yuan to 3.60 yuan per share, with a total cost of 4,574,147.00 yuan, excluding transaction fees. The funding for this buyback originated from the company's own funds.

The company reaffirms its intention to continue the buyback plan within the extended period, adhering to relevant laws and regulations. Further disclosures will be made as the program progresses, advising investors to consider potential investment risks.