On October 9th, Shanghai Chengtou Holding Co.,Ltd. announced its first share buyback implementation and progress update regarding the centralized bidding transaction method for share repurchases.
According to the announcement, Shanghai Chengtou Holding's board of directors convened the 27th meeting of the 11th board of directors on August 28, 2025, where they reviewed and approved the "Proposal on Share Buyback through Centralized Bidding Trading Method." The board agreed to use the company's own funds and special buyback loan funds of no less than 50 million yuan and no more than 100 million yuan to repurchase the company's issued Renminbi ordinary shares (A-shares) through centralized bidding transactions. The implementation period for the share buyback is within 3 months from the date when the board of directors approved the buyback plan.
According to the "Listed Company Share Buyback Rules" and "Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 7 - Share Buybacks" and other relevant regulations, Shanghai Chengtou Holding must disclose the first share buyback transaction on the next trading day after it occurs, and during the buyback period, it must disclose the buyback progress as of the end of the previous month within the first 3 trading days of each month.
As of September 30, 2025, Shanghai Chengtou Holding had not yet implemented any share buybacks. On October 9, 2025, Shanghai Chengtou Holding conducted its first share buyback through the Shanghai Stock Exchange system using centralized bidding transactions, repurchasing 1.5 million shares, representing 0.06% of the total share capital. The highest transaction price was 4.75 yuan per share, the lowest transaction price was 4.64 yuan per share, with a total transaction amount of 7,045,937.99 yuan (excluding transaction fees).
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