Jinguang Electric's buyback progress: a total expenditure of 33.37 million yuan to repurchase 1.8964 million shares, accounting for 1.39% of the total share capital.

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April 3rd, JinGuan Electric Co., Ltd. (hereinafter referred to as “JinGuan Electric”) announced progress on the repurchase of company shares through centralized bidding trading. The announcement shows that as of March 31, 2026, the company has repurchased a total of 1.8964 million shares, accounting for 1.39% of the total share capital, with a total expenditure of 33.3735 million yuan, and a repurchase price range of 14.33 yuan/share to 19.53 yuan/share.

Overview of the Repurchase Plan

JinGuan Electric held the third board of directors’ fourth meeting on April 22, 2025, to review and approve the share repurchase plan. According to the plan, the company intends to use its own funds, self-raised funds, and a dedicated stock repurchase loan provided by the Henan Branch of the China Construction Bank to repurchase shares via centralized bidding trading. The estimated repurchase amount is between 25 million and 50 million yuan, with a maximum purchase price of 20.76 yuan/share. The repurchase period is 12 months from the date of board approval (from April 22, 2025, to April 21, 2026). The repurchased shares will be used for employee stock ownership plans or equity incentives.

Details of the Repurchase Progress

As of March 31, 2026, JinGuan Electric has repurchased 1.8964 million shares through the Shanghai Stock Exchange trading system via centralized bidding, representing 1.39% of the company’s total share capital of 136.6132 million shares. Specifically, the highest transaction price for this repurchase was 19.53 yuan/share, the lowest was 14.33 yuan/share, and the total funds paid amounted to 33.3735 million yuan (excluding stamp duty, trading commissions, and other transaction fees).

Follow-up Arrangements

JinGuan Electric stated that it will strictly follow the “Rules for Share Repurchase by Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 7—Share Repurchase,” and other relevant regulations. During the repurchase period, the company will implement repurchases based on market conditions and promptly fulfill information disclosure obligations. The company reminds investors to be aware of investment risks.

The progress of this repurchase complies with laws, regulations, and the company’s share repurchase plan. Based on the total repurchase amount of 33.3735 million yuan, it has reached 66.75% of the estimated repurchase range (25 million to 50 million yuan).

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. All information 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, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express