Concord New Energy buys back 1.02 million shares; cumulative 14.08 million now awaiting cancellation

Bulletin Express04-02 19:06

Concord New Energy Group Limited on 2 April 2026 filed a Next Day Disclosure Return summarising recent share repurchases conducted on the Hong Kong Stock Exchange.

The latest on-market transaction, executed on 2 April 2026, involved 1.02 million ordinary shares repurchased at HKD 0.234–0.235 per share, for a total outlay of HKD 0.24 million. All shares were designated for cancellation.

Including repurchases carried out between 27 March and 1 April 2026, a total of 14.08 million shares are now pending cancellation. The aggregate consideration for the five trading days amounts to approximately HKD 3.57 million, implying an average cost of HKD 0.25 per share. The accumulated buy-backs represent 0.18 % of the company’s 7.88 billion issued shares prior to the first transaction in the series.

The mandate approved by shareholders on 23 May 2025 permits Concord New Energy to repurchase up to 787.77 million shares. After the latest transactions, 1.79 % of the authorised capacity has been utilised.

Outstanding share capital remains at 7.88 billion shares until the repurchased stock is formally cancelled. In line with Hong Kong listing rules, the company is subject to a moratorium on issuing new shares or transferring treasury shares until 2 May 2026.

The board confirmed that all repurchases complied with applicable laws, listing regulations and the terms of the shareholder mandate.

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