Times Electric repurchases 1.62 million H-shares, lifting outstanding buybacks to 2.34% of share capital

Bulletin Express06-18

Zhuzhou CRRC Times Electric Co., Ltd. (Times Electric) disclosed on 18 June 2026 that it bought back 1.62 million H-shares on the Hong Kong Stock Exchange on the same day. The shares were repurchased on-market at prices ranging from HK$39.66 to HK$40.00, for an average consideration of HK$39.86 per share and an aggregate outlay of HK$64.64 million.

Including the latest transaction, Times Electric has conducted ten on-market buybacks between 7 May and 18 June 2026. In total, 11.21 million H-shares have been repurchased but not yet cancelled, equivalent to 2.34% of the company’s 478.80 million issued H-shares.

The current repurchase programme operates under a mandate approved on 27 June 2025 that authorises the company to buy back up to 48.90 million shares. Cumulative buybacks under this mandate have now reached 21.46 million shares, representing 4.39% of the issued share base at the mandate date. In accordance with Hong Kong listing rules, the company is subject to a moratorium on new share issues or treasury-share sales until 18 July 2026.

All repurchases were confirmed to be duly authorised by the board and executed in compliance with Hong Kong Stock Exchange regulations. The company’s issued share capital remains at 478.80 million shares pending formal cancellation of the repurchased stock.

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