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/Linuo Medicine Pack: Announcement on the results of share repurchase and changes in shares
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Linuo Medicine Pack: Announcement on the results of share repurchase and changes in shares

Shenzhen Stock Exchange
2025/12/15

Securities code: 301188 Securities abbreviation: Linuo Medicine Pack Announcement number: 2025-121 Bond code: 123221 Bond abbreviation: Linuo Convertible Bonds

Shandong Linuo Pharmaceutical Packaging Co., Ltd.

Announcement on the results of share repurchase and changes in shares

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

Shandong Linuo Pharmaceutical Packaging Co., Ltd. (hereinafter referred to as the "Company") held the 8th meeting of the 4th Board of Directors and the 7th meeting of the 4th Board of Supervisors on February 7, 2025, and reviewed and approved the "Proposal on the Plan to Repurchase the Company's Shares". It plans to use the company's own funds and special loan funds for stock repurchases of no less than RMB 50 million (inclusive) and no more than RMB 50 million (inclusive). RMB 100 million will be used to repurchase the RMB ordinary shares (A shares) issued by the company through centralized bidding transactions through the Shenzhen Stock Exchange trading system. The repurchase price shall not exceed 22.00 yuan/share (including the principal amount). The repurchased shares will be used to implement the equity incentive plan or employee stock ownership plan. The repurchase period shall be within 12 months from the date the board of directors considers and approves the share repurchase plan. The company has opened a special securities account for repurchasing shares at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. For specific details, please refer to the "Announcement on the Plan to Repurchase the Company's Shares and Obtain the Special Loan Commitment Letter for Stock Repurchases from Financial Institutions" disclosed by the company on the cninfo.com on February 7, 2025 (Announcement No.: 2025-008) and the "Repurchase Report" disclosed by the company on February 10, 2025 (Announcement No.: 2025-010).

Due to the company's implementation of the annual equity distribution in 2024, the company's share repurchase price limit has been adjusted from no more than RMB 22.00 per share to no more than RMB 21.90 per share. For details, please refer to the "Announcement on Adjusting the Price Cap of Repurchased Shares after the Implementation of the Annual Equity Distribution in 2024" disclosed by the company on the cninfo.com on May 22, 2025 (Announcement No.: 2025-050).

As of the disclosure date of this announcement, the total amount of funds used by the company for this share repurchase transaction has been higher than the lower limit of the total amount of repurchase funds in this repurchase plan. At the same time, it has met the needs of the repurchase purpose. The implementation of this share repurchase plan has been completed. In accordance with relevant regulations such as the "Rules for Share Repurchase of Listed Companies" and "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 9 - Repurchase of Shares", the specific situation is hereby announced as follows:

1. Implementation of share repurchase

  1. On February 27, 2025, the company implemented share repurchase for the first time through a centralized bidding transaction through a special securities account for share repurchase. The number of repurchased shares was 636,500 shares, accounting for 0.27% of the company’s total share capital at that time. The highest transaction price was 16.28 yuan/share, the lowest transaction price was 15.90 yuan/share, and the total transaction amount was 10,233,520 yuan (excluding transaction fees). For details, please refer to the "Announcement on the First Repurchase of the Company's Shares" (announcement number: 2025-013) disclosed by the company on the cninfo.com (www.cninfo.com.cn) on February 28, 2025.

  2. According to relevant regulations such as the "Share Repurchase Rules for Listed Companies" and "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 9 - Repurchase of Shares", as of May 13, 2025, the company had repurchased a total of 2,325,800 shares of the company through centralized bidding transactions through a special securities account for repurchase, accounting for 1.00% of the company's total share capital at that time. For details, please refer to the "Announcement on the Repurchase of the Company's Shares to 1% and the Progress of the Share Repurchase" disclosed by the company on the cninfo.com (www.cninfo.com.cn) on May 14, 2025 (announcement number: 2025-045).

  3. During the period of share repurchase, the company strictly complies with the relevant requirements of laws and regulations such as the "Share Repurchase Rules of Listed Companies" and "Shenzhen Stock Exchange Self-Regulatory Supervision Guidelines for Listed Companies No. 9 - Repurchase of Shares" and other relevant laws and regulations, discloses the repurchase progress as of the end of the previous month within the first three trading days of each month, and promptly fulfills the information disclosure obligation on the repurchase progress. For details, please refer to the company’s announcements on March 3, 2025, April 1, 2025, May 6, 2025, June 3, 2025, July 1, 2025, August 1, 2025, September 3, 2025, and October 2025. The "Announcement on the Progress of the Repurchase of the Company's Shares" disclosed on the cninfo.com (www.cninfo.com.cn) on the 9th, November 3, 2025, and December 1, 2025 (announcement numbers: 2025-014, 2025-025, 2025-043, 2025-054, 2025-061, 2025-062, 2025-078, 2025-099, 2025-114, 2025-117).

  4. The company’s actual repurchase period is from February 27, 2025 to December 12, 2025. As of the disclosure date of this announcement, the company has used its own funds and special loan funds for stock repurchases to repurchase a total of 4,557,700 shares of the company through centralized bidding transactions through a special securities account for repurchase, accounting for 4,557,700 shares of the company's current total shares. The ratio of capital is 1.91%. The highest transaction price of repurchased shares is 21.88 yuan/share, the lowest transaction price is 15.66 yuan/share, and the total transaction amount is 81,113,120.49 yuan (excluding transaction fees). The company's total share repurchase funds have exceeded the lower limit of the total share repurchase funds in this repurchase plan, and do not exceed the upper limit of the total share repurchase funds. The company's share repurchase plan has been fully implemented.

2. Explanation that there is no difference between the implementation of share repurchase and the share repurchase plan

The company's source of funds, total amount of funds used, repurchase method, repurchase price, number of shares repurchased, repurchase ratio and repurchase implementation period, etc., for this repurchase of shares are not different from the repurchase plan reviewed and approved by the company's board of directors. The actual amount of shares repurchased by the company has reached the lower limit of the total repurchase funds in the repurchase plan, and does not exceed the upper limit of the total repurchase funds. The implementation of this repurchase plan has been completed. This repurchase complies with the requirements of relevant laws and regulations and is in line with the established repurchase plan.

3. Impact of the implementation of the repurchase plan on the company

The company's share repurchase will not have a significant adverse impact on the company's operations, financial status, research and development and debt repayment capabilities. After the repurchase is completed, the company's equity distribution still meets the listing conditions and will not affect the company's listing status. This repurchase of shares reflects the company's confidence in future development, is conducive to safeguarding the interests of shareholders and enhancing investor confidence. The repurchased shares will be used to implement equity incentive plans or employee stock ownership plans, which will help establish and improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's employees, effectively integrate the interests of shareholders, the company and employees, and enhance the company's development momentum. If the above purposes cannot be implemented within the time limit specified by relevant laws and regulations after the completion of the share repurchase, the untransferred shares will be canceled in accordance with the law. This repurchase of shares will not affect the company's ability to continue operating and repay debts. If the repurchased shares need to be cancelled, the company will strictly follow the legal procedures for reducing registered capital in accordance with the provisions of the Company Law to fully protect the legitimate rights and interests of creditors.

4. Purchase and sale of company shares by relevant entities during the repurchase period

After self-examination, the company's directors, senior managers, controlling shareholders, actual controllers and persons acting in concert did not buy or sell the company's stocks from the date when the company first disclosed the share repurchase matter to the day before the disclosure of this announcement, and there was no situation inconsistent with the increase or decrease plan disclosed in the share repurchase plan.

5. Compliance instructions for the implementation of share repurchase

The time for the company to repurchase shares, the number of shares repurchased, and the entrustment period for centralized bidding transactions are in compliance with the relevant provisions of the "Share Repurchase Rules for Listed Companies", "Shenzhen Stock Exchange Self-Discipline Supervision Guidelines for Listed Companies No. 9 - Repurchase of Shares" and the company's share repurchase plan.

  1. The company did not repurchase shares during the following periods:

(1) From the date when a major event that may have a significant impact on the trading price of the company's securities and its derivatives occurs or during the decision-making process to the date of disclosure in accordance with the law;

(2) Other circumstances specified by the China Securities Regulatory Commission and Shenzhen Stock Exchange.

  1. The company repurchases shares through centralized bidding transactions and meets the following requirements:

(1) The entrusted price shall not be the price that limits the trading increase of the company’s stock on that day;

(2) No share repurchase entrustment shall be made during the opening call auction, closing call auction and trading days when the stock price has no limit on the price increase or decrease of the Shenzhen Stock Exchange;

(3) Other requirements stipulated by the China Securities Regulatory Commission and Shenzhen Stock Exchange.

6. Estimated changes in the company’s equity capital

Based on the current company's capital structure, the number of shares repurchased this time is 4,557,700 shares, accounting for 1.91% of the company's total share capital, all of which are deposited in the company's special securities account for share repurchases. If all the shares repurchased this time are used for equity incentive plans and/or employee stock ownership plans and all are locked, the changes in the company's total share capital and share capital structure after the share transfer are expected to be as follows:

Before this repurchase After this repurchase

Nature of shares

Number of shares (shares) Ratio (%) Number of shares (shares) Ratio (%)

1. Shares subject to sales restrictions 0 0.00 4,557,700 1.91

2. Shares without selling restrictions 232,450,595 100.00 234,510,190 98.09

3. Total number of shares 232,450,595 100.00 239,067,890 100.00

Note: During the company's share repurchase period, the company's total share capital increased by 6,617,295 shares due to the conversion of convertible bonds. The above changes are preliminary calculation results, and the influence of other factors has not been taken into account yet. The specific changes in the share capital structure will be subject to the final registration status of the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.

7. Follow-up arrangements for repurchased shares

All the shares repurchased this time are deposited in the company's special securities account for repurchase. During the period of storage, they do not have the right to vote at the shareholders' meeting, profit distribution, transfer of reserve funds to share capital, subscription of new shares and convertible corporate bonds, etc., and are not allowed to be pledged or lent. According to the company's repurchase plan, the shares repurchased this time will be used to implement the company's equity incentive plan or employee stock ownership plan. The company will subsequently use the repurchased shares according to the disclosed purposes. If the company fails to implement the above purposes within 36 months after the completion of the repurchase of shares, the unused portion will be canceled according to relevant procedures. The company will fulfill its information disclosure obligations in a timely manner based on the progress of the follow-up processing of the repurchased shares. Investors are advised to pay attention to investment risks.

Announcement is hereby made.

Board of Directors of Shandong Linuo Pharmaceutical Packaging Co., Ltd.

December 15, 2025