TopNC Repurchases 150,600 H-Shares for HKD 2.95 Million, Reducing Free Float by 0.04%

Bulletin Express10-21

Shanghai Top Numerical Control Technology Co., Ltd. (TopNC) disclosed that it bought back 150,600 H-shares on 21 October 2026 through on-market transactions on the Stock Exchange of Hong Kong, paying an aggregate HKD 2.95 million. The shares were repurchased at prices between HKD 19.17 and HKD 19.67, translating into a volume-weighted average cost of HKD 19.58 per share.

Following the transaction, the company’s issued share capital excluding treasury shares fell by 0.0395% from 381.27 million to 381.12 million shares. The repurchased shares are being held as treasury stock, leaving the total issued share count unchanged at 381.27 million.

The buyback was executed under a shareholder mandate approved on 29 July 2026, which authorises TopNC to repurchase up to 38.13 million shares. To date, 150,600 shares have been repurchased under this mandate, representing 0.04% of the authorised limit. In line with listing rules, the company is subject to a moratorium on issuing new shares or disposing of treasury shares until 20 November 2026.

TopNC confirmed that the repurchase complied with all relevant Hong Kong listing rules and regulatory requirements.

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