Times Electric Buys Back 8.11 Million H-Shares, Equal to 1.66% of Share Capital, Under 2025 Mandate

Zhuzhou CRRC Times Electric Co., Ltd. (Times Electric) disclosed a series of on-market H-share repurchases that lifted total shares bought back to 8.11 million as of 30 April 2026. The cumulative volume equals 1.66 % of the 489.04 million issued H-shares outstanding when the 27 June 2025 buy-back mandate was approved.

Key takeaways

1. Latest transaction • Date: 30 April 2026 • Volume: 745,500 shares • Price range: HKD 35.56 – HKD 36.00 • Consideration: HKD 26.68 million • All shares will be cancelled after settlement.

2. February–April activity • Eight trading sessions (10, 11, 20, 23, 24 February; 28, 29, 30 April). • Largest single-day purchase: 28 April, 5.08 million shares at a volume-weighted average price of HKD 34.36. • Aggregate volume across the period: 8.11 million shares. • Weighted average prices per share ranged from HKD 34.36 to HKD 44.17.

3. Capital structure unchanged pending cancellation • Issued H-shares (excluding treasury shares) stood at 489.04 million both before and after the latest buy-back period; the repurchased shares had not yet been cancelled by 30 April 2026. • Times Electric currently holds no treasury shares.

4. Buy-back capacity • Shareholders authorised repurchases of up to 48.90 million H-shares (10 % of issued capital) at the 2025 AGM. • Shares repurchased to date represent 16.58 % of that mandate, leaving capacity for an additional 40.79 million shares. • Under Hong Kong Stock Exchange rules, Times Electric is subject to a moratorium on new share issues or treasury share sales until 30 May 2026.

Regulatory compliance

The board confirmed that all repurchases were executed in accordance with Hong Kong Listing Rules and domestic regulations. All transactions were properly authorised, fully funded, and remain subject to subsequent share cancellation procedures.