CHICMAX Repurchases 575,000 H-Shares for HKD 12.84 Million, Cutting Outstanding Float by 0.28%

Bulletin Express09-01

Shanghai‐based beauty company CHICMAX (Shanghai Chicmax Cosmetic Co., Ltd.) has disclosed a share buyback executed on 1 September 2026 under its Hong Kong–listed H-shares.

The company purchased 575,000 H-shares on the Hong Kong Stock Exchange at prices ranging from HKD 21.82 to HKD 22.50 per share, translating into a volume-weighted average cost of HKD 22.3329. The aggregate consideration amounted to HKD 12.84 million.

The repurchased shares represent approximately 0.28% of CHICMAX’s issued share capital (excluding treasury shares) prior to the transaction. Following the buyback, the number of issued shares outstanding fell to 205.95 million, while 575,000 shares are now held in treasury. The total issued share count, including treasury shares, remains unchanged at 206.52 million.

The transaction is the first utilisation of the company’s current share-repurchase mandate, which authorises up to 20.64 million shares. As of 1 September 2026, 575,000 shares—equivalent to 0.28% of the share base when the mandate was approved on 8 May 2026—have been repurchased.

In line with Hong Kong Stock Exchange regulations, CHICMAX is subject to a moratorium on issuing new shares or disposing of treasury shares until 1 October 2026. The board confirms that the repurchase complied with all applicable listing rules and regulatory requirements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment