Jingshan Light Machinery's share repurchase progress: spent 53.98 million yuan to buy back 3.97M shares, accounting for 0.64% of the total share capital.

Hubei Jing Shan Light Industry Machinery Co., Ltd. (hereinafter referred to as “Jingshan Light Machinery”) released an announcement on April 2 on the progress of its share repurchase, disclosing the implementation status of the share repurchase as of March 31, 2026. The announcement shows that the company has cumulatively repurchased 3.9686 million shares through centralized bidding transactions, accounting for 0.64% of the total share capital, and paid a total amount of RMB 53.982206 million (excluding transaction fees).

Repurchase progress: about 78.8% of the minimum under the plan has been completed

According to the announcement, as of March 31, 2026, Jingshan Light Machinery implemented the repurchase through centralized bidding transactions by using a dedicated securities account for repurchase. The specific details are as follows:

This repurchase price range was 12.22 yuan/share to 14.85 yuan/share, which did not exceed the 19.00 yuan/share upper limit set in the repurchase plan and is consistent with the company’s repurchase plan requirements.

Background of the repurchase plan: intending to allocate RMB 68.5 million to RMB 137 million for equity incentives

Looking back at the announcement, on October 23, 2025, Jingshan Light Machinery held board and supervisory board meetings, which deliberated and approved the share repurchase plan. Under the plan, the company intends to use its own funds and a dedicated share repurchase loan to repurchase A-share shares with funds not less than RMB 68.5 million (inclusive) and not more than RMB 137 million (inclusive), with a repurchase price not exceeding RMB 19 per share. The repurchase term is 12 months from the date when the board approved the proposal (i.e., through October 22, 2026). All repurchased shares will be used for equity incentives or an employee stock ownership plan.

Based on the RMB 53.9822 million already paid in this repurchase, it has currently completed approximately 78.8% of the minimum repurchase plan amount (RMB 68.5 million), leaving some room before reaching the upper limit (RMB 137 million).

Compliance statement: strictly following repurchase rules, with no operations during sensitive periods

The announcement also disclosed the compliance of the repurchase operations. The company clearly stated that it has not conducted repurchases during the following periods: (i) from the date on which major matters that may have a material impact on the company’s securities trading price occur or are decided through the date when they are legally required to be disclosed; and (ii) other circumstances prescribed by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

In the centralized bidding transaction operations, the company strictly complied with relevant requirements, including that the order prices were not at the price limit for the day’s trading increase/decrease, and it did not place repurchase orders during the open-call auction, closing-call auction, or on trading days without price limit restrictions.

Next steps: will continue implementation in accordance with the plan and promptly disclose progress

Jingshan Light Machinery stated that it will continue to advance the share repurchase in accordance with the subsequent market conditions and the established repurchase plan, and will, in compliance with relevant laws and regulations, disclose the repurchase progress as of the end of the previous month within the first three trading days of each month during the repurchase period.

Market analysis believes that share repurchases are often viewed as an acknowledgment by listed companies of their own value, which helps stabilize the share price and enhance investor confidence. The advancement of Jingshan Light Machinery’s repurchase plan may provide some support for the company’s stock price.

Investors are kindly requested to pay attention to the company’s subsequent announcements and be aware of investment risks.

Statement: The market involves risk; invest cautiously. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there is any discrepancy, please refer to the actual announcement. If you have any questions, please contact biz@staff.sina.com.cn.

Click to view the full text of the original announcement>>

Thousands of information, precise interpretation—find everything in the Sina Finance APP

责任编辑：小浪快报