Zhejiang Xiangyuan Cultural Tourism's total share repurchase exceeds 54 million yuan; no repurchase implemented in March.

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On April 2, 2026, Zhejiang Xiangyuan Cultural Tourism (Rights Protection) Co., Ltd. (hereinafter referred to as “Xiangyuan Cultural Tourism”) released an announcement on the progress of share repurchase, disclosing the implementation status as of March 31, 2026. The announcement shows that the company has repurchased a total of 8.0847 million shares, accounting for 0.77% of the total share capital, with a total repurchase amount of 54.0714 million yuan, and a repurchase price range of 5.609 yuan/share to 7.486 yuan/share. Notably, the company did not carry out any share repurchase in March 2026.

Basic Situation of the Repurchase Plan

According to the announcement, Xiangyuan Cultural Tourism held the 15th meeting of the 9th Board of Directors on November 17, 2025, which approved the share repurchase plan. The plan was first disclosed on November 18, 2025, with an implementation period from November 18, 2025, to May 15, 2026. The expected repurchase amount ranges from 80 million yuan to 120 million yuan, and all repurchased shares will be used for employee stock ownership plans or equity incentives.

Progress of Repurchase: Total repurchase exceeds 54 million yuan, no repurchase in March

The announcement shows that as of March 31, 2026, Xiangyuan Cultural Tourism had cumulatively repurchased 8.0847 million shares, accounting for 0.77% of the company’s current total share capital, with the lowest transaction price at 5.609 yuan/share and the highest at 7.486 yuan/share, totaling 54.0714 million yuan (including commissions and other transaction fees). From the perspective of progress, 67.59% of the lower limit of the expected repurchase amount (80 million yuan) has been completed.

It is worth noting that the company did not carry out any share repurchase in March 2026. The announcement explains that this was a decision made based on market conditions, in compliance with relevant laws, regulations, and the requirements of the repurchase plan.

Follow-up Arrangements and Risk Reminder

Xiangyuan Cultural Tourism stated that the company 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 regulations. During the remaining repurchase period (until May 15, 2026), the company will continue to implement repurchases based on market conditions and will fulfill information disclosure obligations in a timely manner. Meanwhile, the company reminds investors to be aware of investment risks.

The purpose of advancing this repurchase plan is to bind the core team’s interests through employee stock ownership plans or equity incentives, further stabilizing market expectations. Market participants believe that with the continued implementation of the repurchase plan, the company’s governance structure and long-term development momentum are expected to be strengthened.

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