China Hongqiao Completes HKD 449.71 Million On-Market Share Buyback, Cutting Free-Float by 0.24%

Bulletin Express10-26

On 23 October 2026, China Hongqiao Group Limited executed an on-market repurchase of 24.03 million ordinary shares for a total consideration of HKD 449.71 million. The transaction was conducted on the Hong Kong Stock Exchange at prices ranging from HKD 17.80 to HKD 19.11 per share, implying a volume-weighted average repurchase price of approximately HKD 18.72.

The repurchased shares represent 0.24% of China Hongqiao’s 9.82 billion issued shares outstanding as at the start of the trading day. All 24.03 million shares are earmarked for cancellation, which will reduce the company’s share count once the process is completed.

The buyback was executed under the mandate approved by shareholders on 19 May 2026, which authorises the company to repurchase up to 991.18 million shares. Following the latest transaction, 24.03 million shares, or about 2.42% of the mandate capacity, have been utilised.

Pursuant to Hong Kong listing rules, China Hongqiao is subject to a moratorium on issuing new shares or disposing of treasury shares until 22 November 2026.

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