Zhuzhou CRRC Times Electric Co., Ltd. (Times Electric) has filed a Next Day Disclosure Return detailing a major share repurchase on 28 April 2026.
On that trading day the company bought back 5,079,100 H-shares on the Hong Kong Stock Exchange at prices ranging between HK$33.68 and HK$36.48 per share, for a total consideration of HK$174.52 million. The volume-weighted average purchase price was HK$34.36 per share.
Including five smaller buybacks executed between 10 February and 24 February 2026—together amounting to 283,900 shares—Times Electric now holds 5,363,000 shares awaiting cancellation. This represents 1.10 % of the 489.04 million H-shares outstanding as at 31 March 2026.
Under the repurchase mandate approved on 27 June 2025, the company is authorised to buy back up to 48.90 million shares. The cumulative repurchases to date utilise 11.0 % of that limit, leaving significant capacity for further buybacks.
As all repurchased shares remain uncancelled, Times Electric’s issued share capital is unchanged at 489.04 million shares. In accordance with Hong Kong listing rules, the company is subject to a moratorium on issuing new shares or transferring any treasury shares until 28 May 2026.
The board confirmed that all transactions complied with the Hong Kong Main Board Listing Rules and other applicable regulations, and that all funds for the purchases have been duly settled.
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