On December 10, Lexus Software (688588.SH) once had a 20CM daily limit. As of the close, the stock was quoted at 16.51 yuan per share, up 14.02%, with a total market value of 6.6 billion yuan.

On the news side, after the market on December 9, Lingzhi Software issued an announcement that it intends to adjust the upper limit of the repurchase price from 9.6 yuan/share to 21 yuan/share, and the source of funds will be adjusted from "the company's own funds" to "the company's own funds and/or self-raised funds". The adjustment of the share repurchase plan has been deliberated and approved by the 19th meeting of the fourth board of directors of the company, and does not need to be submitted to the company's general meeting of shareholders for deliberation.

The adjusted upper limit of the price shall not be higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors deliberated and passed the resolution of the "Proposal on Adjusting the Share Repurchase Plan". According to the recalculation of the adjusted price cap, the number of shares expected to be repurchased will be adjusted accordingly to 1,428,600 shares to 2,381,000 shares, accounting for 0.36% to 0.60% of the company's current total share capital.

Lingzhi Software explained that based on the confidence in the company's future development and the recognition of the company's long-term value, combined with the recent external environment and the company's stock price, in order to ensure the smooth implementation of the share repurchase plan and effectively safeguard the company's value and shareholders' rights and interests, the company decided to adjust the upper limit of the price of the repurchased shares and the source of funds.

Nancai Express reporter as an investor on the repurchase price ceiling, the adjustment of the source of funds and other related issues called Lingzhi software, the company's securities department responded that the company adjusted the source of funds for the repurchase program, but has not yet determined the specific direction, and has not yet implemented the repurchase of additional refinancing measures.

Previously, on September 5, Lexus Software announced that the board of directors agreed that the company would use its own funds to repurchase the company's shares through centralized bidding transactions, with the repurchase price not exceeding RMB 9.6 per share, and the total amount of repurchase funds not less than 30 million yuan (inclusive) and not more than 50 million yuan (inclusive). The repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate time in the future, and the repurchase period will be within 12 months from the date of approval of the repurchase plan by the board of directors of the company.

The changes in the upper limit of the repurchase price and the source of funds are based on the above repurchase plan. In addition to the above adjustments, the other contents of the repurchase plan remain unchanged.

Flush iFinD data shows that the closing price of Lexus Software on September 5 was 6.84 yuan / share, and its share price has risen by more than 118% based on yesterday's closing price of 14.48 yuan / share. In addition, the last time Lexus Software's stock price was higher than 21 yuan per share was in April 2021.

According to public information, Lexus Software's main business is software development business in Japan and domestic application software solution business, and its business scope covers securities, insurance, banking and other financial fields. According to the third quarter report of 2024, in the first three quarters, the company achieved operating income of 808 million yuan, an increase of 64.44% year-on-year; The net profit attributable to the parent company was 124 million yuan, an increase of 178.28% year-on-year

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