China Railway Group Limited (abbrev. CHINA RAILWAY) filed a Next Day Disclosure Return to the Hong Kong Stock Exchange on 4 June 2026 detailing the latest tranche of its on-going A-share repurchase programme.
Key takeaways
1. Latest repurchase • Date: 4 June 2026 • Exchange: Shanghai Stock Exchange • Volume: 9.60 million A shares, all for cancellation • Price range: RMB 4.66–4.70 per share • Aggregate consideration: RMB 45.00 million
2. Issued share capital unchanged—for now • Issued shares (excluding treasury shares) before and after the 4 June trade: 20.48 billion • Shares repurchased on 4 June have not yet been cancelled; therefore, the share count remains unchanged.
3. Cumulative buybacks awaiting cancellation Including the latest purchase, CHINA RAILWAY now holds 145.33 million A shares pending cancellation, equivalent to about 0.71 % of its current issued share capital. From the first disclosed repurchase on 21 October 2025 through 4 June 2026, the company has spent an estimated RMB 755.01 million (approximately RMB 5.20 per share on a weighted-average basis) to acquire these shares.
4. Historical repurchase cadence • Sixteen separate transactions have been executed between 21 October 2025 and 4 June 2026. • Individual daily buybacks ranged from 3.49 million to 15.97 million shares. • Unit repurchase prices have progressively eased from RMB 5.73 in October 2025 to RMB 4.69 on 4 June 2026.
Regulatory compliance The company confirms that all repurchases were authorised by its board, executed in accordance with the Hong Kong Listing Rules and Shanghai Stock Exchange regulations, and that settlement funds have been fully paid.
Outlook While share cancellations linked to the purchased shares are still pending, the programme signals CHINA RAILWAY’s commitment to capital management and shareholder value optimisation. Market participants will monitor forthcoming filings to track the formal cancellation of the 145.33 million repurchased shares and any further activity under the existing buyback mandate.
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