Suzhou Nearshore Protein Repurchase Amount Reached 4.8254 Million Yuan, Accounting for 48.25% of the Minimum Planned Limit

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On April 1st, Suzhou Nearshore Protein Technology Co., Ltd. (hereinafter referred to as “Suzhou Nearshore Protein”) released an announcement on the progress of share repurchase, disclosing the implementation status of the repurchase as of March 31, 2026. The announcement shows that the company has repurchased a total of 124.51k shares, accounting for 0.1774% of the total share capital, with a total repurchase amount of 4.8254 million yuan, and the actual repurchase price range is between 37.93 yuan/share and 40.51 yuan/share.

Background and Adjustment of the Repurchase Plan

Suzhou Nearshore Protein’s share repurchase plan was first disclosed on September 28, 2024. According to the original plan, the company intended to use its own funds to repurchase A-shares through centralized bidding transactions, to reduce registered capital, with a total repurchase amount of no less than 10 million yuan and no more than 20 million yuan, at a maximum price of 30.68 yuan/share, within the period from October 15, 2024, to October 14, 2025.

Subsequently, the company made two important adjustments to the repurchase plan. In October 2025, the company extended the implementation period of the repurchase to April 13, 2026; on March 24, 2026, the company further adjusted the upper limit of the repurchase price from 30.68 yuan/share to 46.25 yuan/share, with other plan details remaining unchanged.

Progress of the Repurchase Implementation

As of March 31, 2026, the implementation status of Suzhou Nearshore Protein’s repurchase is as follows:

The announcement indicates that the repurchased shares were completed through centralized bidding transactions on the Shanghai Stock Exchange system, with a total paid amount of 4.8254 million yuan (excluding stamp duty, trading commissions, and other transaction fees). Based on the minimum of 10 million yuan in the repurchase plan, 48.25% of the repurchase amount has been completed; if calculated against the maximum of 20 million yuan, the completion ratio is 24.13%.

Future Arrangements

Suzhou Nearshore Protein stated that it will strictly follow the “Rules for Share Repurchase of Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 7—Share Repurchase,” and other relevant regulations, and will implement repurchases opportunistically based on market conditions within the remaining repurchase period (until April 13, 2026), and will fulfill information disclosure obligations in a timely manner. The company reminds investors to be aware of investment risks.

This repurchase is part of the company’s measures to stabilize the stock price, aiming to optimize capital structure by reducing registered capital. Market analysis suggests that the adjustment of the upper limit of the repurchase price is related to recent stock price fluctuations, and the adjustment is more conducive to the advancement of the repurchase plan.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express