Concord New Energy announces fresh share buy-back; 0.30 million shares repurchased on 31 March, pending cancellation pool rises to 11.15 million

Bulletin Express03-31

Concord New Energy Group Limited disclosed on 31 March 2026 that it repurchased 0.30 million ordinary shares on the Hong Kong Stock Exchange at prices between HKD 0.245 and HKD 0.246 per share, spending HKD 0.07 million in aggregate. All shares bought back are earmarked for cancellation.

Including earlier on-market transactions of 10.65 million shares on 27 March and 0.20 million shares on 30 March, the company now holds 11.15 million repurchased shares awaiting cancellation. This represents approximately 0.14 % of the 7.88 billion issued shares outstanding when the current buy-back mandate was approved on 23 May 2025.

The authorised mandate allows Concord New Energy to repurchase up to 787.77 million shares; after the latest transactions, about 776.62 million shares remain available under the mandate. The listed share capital stood unchanged at 7.88 billion shares as of 31 March 2026 because the repurchased shares have not yet been cancelled.

Under Main Board Rule 10.06(3)(a), the company is subject to a moratorium on issuing new shares until 30 April 2026 following the recent buy-backs.

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