Times Electric Repurchases 253,000 H Shares on 5 May; 8.83 Million Shares Bought Back Since February

Bulletin Express05-05 16:46

Zhuzhou CRRC Times Electric Co., Ltd. (Times Electric) filed a Next Day Disclosure Return to the Hong Kong Stock Exchange on 5 May 2026, detailing the latest progress under its ongoing share-repurchase programme.

The company bought back 253,000 H shares on 5 May at prices ranging between HKD 35.48 and HKD 36.36, for a cash outlay of HKD 9.12 million. All repurchased shares are intended for cancellation.

Including this transaction, Times Electric has acquired 8,827,800 H shares between 10 February and 5 May 2026 that are pending cancellation. This volume represents 1.81 % of the 489.04 million shares in issue when the current repurchase mandate was granted on 27 June 2025, and utilises roughly 18 % of the 48.90 million-share limit authorised by shareholders.

Across the ten disclosed buy-back sessions, the company has spent a cumulative HKD 312.12 million, implying an average repurchase cost of about HKD 35.36 per share.

Despite these transactions, Times Electric’s issued share capital stood unchanged at 489.04 million H shares as of 5 May 2026, pending formal cancellation of the repurchased stock. A 30-day moratorium on new share issues or treasury-share sales remains in place until 4 June 2026, in accordance with Hong Kong listing rules.

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