Yantai Jereh Group announces board changes, boosts share buyback price

Yantai Jereh Oilfield Services Group convened its Sixth Board of Directors' Thirtieth Meeting on December 11, 2025, approving several key resolutions. The board nominated five non-independent and three independent directors for the Seventh Board, with elections subject to shareholder approval at the upcoming Extraordinary General Meeting on December 29, 2025. Concurrently, the company announced adjustments to several internal policies, including the Articles of Association.

A notable decision was the adjustment of the share repurchase price ceiling from yuan 48.16 per share to yuan 90.00 per share, effective December 12, 2025. This adjustment is part of a previously approved share repurchase plan of not less than yuan 150 million and not exceeding yuan 250 million. The company has already repurchased 3,087,500 shares, representing 0.30% of its total share capital, at a maximum price of yuan 38.65 per share.

The company emphasizes that these changes aim to ensure continued stable operations and transparent governance, with the adjustments reflecting confidence in the company’s future development and long-term value. Investors are advised to review the detailed announcements on cninfo.com.cn.