Concord New Energy (CNE) Adds 0.20 Million-Share Buyback; 10.85 Million Shares Await Cancellation

Bulletin Express03-30

Concord New Energy Group Limited (CNE) disclosed that it repurchased 200,000 ordinary shares on 30 March 2026 via on-market transactions at prices between HK$0.247 and HK$0.248, spending HK$49,460. The volume-weighted average price was approximately HK$0.2473 per share.

Including this latest purchase, CNE now has 10.85 million shares—acquired on 27 March (10.65 million shares at HK$0.258) and 30 March (0.20 million shares at HK$0.2473)—pending formal cancellation. These shares represent about 0.14% of the company’s 7.88 billion issued shares.

The current issued share capital remains unchanged at 7.88 billion shares, as the repurchased stock has not yet been cancelled and no treasury shares are held.

Under the general mandate approved on 23 May 2025, CNE is authorised to buy back up to 787.77 million shares. To date, 10.85 million shares have been repurchased, utilising roughly 0.14% of the authorised limit.

In accordance with Hong Kong Listing Rules, CNE is subject to a moratorium on new share issues until 29 April 2026 following the latest buyback.

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