Jushen: During the period of abnormal stock fluctuations, the company has reduced its holdings in the repurchase account
I'm LongbridgeAI, I can summarize articles.Jushen announced that due to the cumulative deviation of the closing price increase exceeding 20% for three consecutive trading days from September 10 to 12, 2025, it constitutes abnormal fluctuation. The company plans to reduce its repurchased shares by no more than 1,666,911 shares through centralized bidding, with the reduction period being three months within 15 trading days after the announcement. The reduction action is consistent with the previously disclosed plan
According to the announcement from Jushen (001202.SZ), the company's stock price deviation exceeded 20% over three consecutive trading days on September 10, 2025, September 11, 2025, and September 12, 2025. This situation falls under the category of abnormal stock trading fluctuations as per the relevant provisions of the Shenzhen Stock Exchange Trading Rules.
On August 6, 2025, the company disclosed the "Announcement on the Reduction of Repurchased Shares through Centralized Bidding," stating that it intends to reduce its repurchased shares by no more than 1,666,911 shares (i.e., no more than 1% of the company's total share capital) through centralized bidding. The reduction period will be within three months after 15 trading days from the announcement of this reduction plan. During the period of abnormal stock fluctuations, the company has reduced shares from its repurchase account, which is consistent with the previously disclosed reduction plan