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China Fund News reporter Lu Yu

On the evening of August 6, New Oriental, New Media Holdings and other companies issued relevant repurchase announcements. Among them, New Oriental plans to increase the total value of its repurchased shares from US$400 million to US$700 million (about RMB 5 billion).

According to New Oriental's announcement, the company's board of directors has approved an adjustment to the stock repurchase plan, according to which the total value of the shares authorized to be repurchased under the stock repurchase plan has increased from US$400 million to US$700 million. The expanded stock repurchase plan is valid until May 31, 2025.

ST Easy announced that it plans to repurchase shares worth 100 million to 200 million yuan to maintain the company's value, shareholders' interests and implement employee stock ownership or equity incentive plans. The repurchase price will not exceed 4.05 yuan per share (including the principal amount).

Best Beauty announced that the company plans to launch a plan to repurchase the company's shares, intending to repurchase shares for 50 million to 100 million yuan, which will be used for the later implementation of employee stock ownership plans or equity incentive plans. The repurchase price will not exceed 13 yuan per share.

Xinmei shares announced that based on the confidence in the company's future sustainable and stable development and recognition of the company's value, the company intends to use its own funds to repurchase part of the company's social public shares through centralized bidding. All repurchased shares are to be cancelled and the registered capital will be reduced accordingly. The total amount of repurchase funds shall not be less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive), and the repurchase price shall not exceed RMB 49 per share (inclusive).

JuRan Home announced that it plans to repurchase shares for RMB 30 million to RMB 50 million to implement employee stock ownership plans or equity incentives, and the repurchase price will not exceed RMB 3.50 per share.

Haitian Ruisheng announced that He Lin, the company's controlling shareholder, actual controller and chairman, proposed that the company repurchase shares through centralized bidding transactions and use all of them for equity incentives or employee stock ownership plans at an appropriate time in the future. The total amount of funds for repurchased shares shall not be less than RMB 10 million (inclusive) and not more than RMB 20 million (inclusive), and the repurchase price shall not be higher than 150% of the average trading price of the company's shares in the 30 trading days before the company's board of directors reviewed and approved the repurchase plan.

Jinbo Co., Ltd. announced that it plans to repurchase shares for RMB 10 million to RMB 20 million to cancel and reduce registered capital in accordance with the law. The repurchase price will not exceed RMB 35 per share (inclusive).

In addition, Liyuan Shares announced on the evening of August 6 that the company's chairman Xu Mingzhe plans to increase his holdings in the company's shares through centralized bidding, block trading or other trading methods permitted by laws and regulations within 6 months from the date of disclosure of the announcement, with the amount of increase not less than 10 million yuan.

Editor: Xiaomo

Audit: Wooden Fish

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