Concord New Energy executes HKD 2.75 million share buyback, equal to 0.135% of outstanding shares

Bulletin Express03-27

Concord New Energy Group Limited disclosed on 27 March 2026 that it repurchased 10.65 million ordinary shares on the Hong Kong Stock Exchange the same day, paying an aggregate HKD 2.75 million. The shares were bought at prices ranging from HKD 0.255 to HKD 0.26 per share, implying a volume-weighted average purchase price of approximately HKD 0.258.

Following the transaction—carried out under the general mandate granted on 23 May 2025—the company’s total issued share count remains unchanged at 7.88 billion, as the repurchased shares are slated for cancellation but had not yet been cancelled as of the filing date. The 10.65 million shares represent 0.135% of Concord New Energy’s issued share capital before the repurchase and also 0.135% of the shares authorised for buyback under the mandate, which permits repurchase of up to 787.77 million shares.

No shares were retained as treasury stock, and the moratorium period for issuing new shares or transferring treasury shares extends until 26 April 2026, in accordance with Hong Kong listing rules.

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