China Hongqiao executes HKD 607.79 million share buyback; cumulative repurchases hit 257.45 million shares

Bulletin Express05-08

China Hongqiao Group Limited disclosed a fresh on-market repurchase of 18.29 million ordinary shares on 7 May 2026. The transaction was executed on the Hong Kong Stock Exchange at prices ranging from HKD 32.84 to HKD 34.22 per share, with a volume-weighted average cost of HKD 33.24, for a total consideration of HKD 607.79 million.

Including this buyback, the company has repurchased 257.45 million shares under the general mandate granted on 7 May 2025, utilising 27.51% of the 935.99 million shares authorised. A 30-day moratorium on new share issues or treasury-share disposals will remain in force until 6 June 2026, in accordance with Hong Kong listing rules.

As at the close of 7 May 2026, China Hongqiao’s issued share capital stood unchanged at 9.91 billion shares. However, 36.24 million shares repurchased on 6 and 7 May 2026—equivalent to 0.36% of the current issued share base—were pending cancellation.

The company confirmed that all repurchases were conducted in compliance with the Hong Kong Stock Exchange’s Main Board Listing Rules, and there have been no material changes to the explanatory statement filed on 11 April 2025.

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