Feiling Cosy Share Repurchase Progress: Spent 34.38 million yuan to repurchase a total of 454.3k shares

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Shenzhen FeiLing KeSi Communication Technology Co., Ltd. (hereinafter referred to as “FeiLing KeSi”) released an announcement on April 1, 2026 regarding progress in share repurchases, disclosing the implementation status of the share repurchase as of March 31, 2026. The announcement shows that the company has cumulatively repurchased 454.3 thousand shares, accounting for approximately 0.66% of the total share capital, with a total transaction amount of 34.3826 million yuan, which is close to the lower bound under the repurchase plan.

Background and Adjustments to the Repurchase Plan

According to the disclosure, on April 28, 2025, FeiLing KeSi held meetings of the board of directors and the board of supervisors, which approved the share repurchase plan. Under the plan, the company intends to use its own funds to repurchase shares through centralized bidding. The total funding amount will be no less than 30 million yuan (inclusive) and no more than 60 million yuan (inclusive), and the upper limit of the repurchase price will not exceed 160.26 yuan per share (inclusive). The repurchased shares will be used for an employee share ownership plan or equity incentives, and to maintain the company’s value and the rights and interests of shareholders. Among these, the repurchase implementation period for maintaining the company’s value and shareholders’ rights and interests is within 3 months from the date the board of directors approves the matter; this portion has been completed.

Because the company’s 2024 annual equity distribution was completed on June 12, 2025, according to relevant regulations, the upper limit of the repurchase price was adjusted to no more than 159.27 yuan per share (inclusive). The adjusted upper limit took effect starting from June 12, 2025 (the ex-rights and ex-dividend date).

Specific Details of the Repurchase Implementation

As of March 31, 2026, the company cumulatively repurchased 454.3k shares through centralized bidding via the repurchase-dedicated securities account. The specific data are as follows:

The announcement emphasizes that this share repurchase complies with relevant regulations including the 《Measures for the Repurchase of Shares by Listed Companies》, as well as Shenzhen Stock Exchange’s self-regulatory guidelines for listed companies, namely 《Guideline No. 9—Share Repurchases》, and other related requirements, and the company’s repurchase plan.

Compliance Statement

In the announcement, FeiLing KeSi stated that the company’s repurchase of shares—covering the timing, quantity, price, and the time windows of orders—complies with relevant regulations. No repurchase was conducted during the following periods: from the day a major event occurs that could potentially have a significant impact on the trading price of the company’s securities or during the decision-making process, up to the date when it is依法披露 (legally disclosed); and also other circumstances as stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange. At the same time, when repurchasing shares via centralized bidding, the order price was not the limit price for daily price increases on that trading day, and orders were not placed on the opening call auction, closing call auction, or on trading days without price increase/decrease limits.

The company said it will continue to fulfill its information disclosure obligations in accordance with the repurchase plan and relevant laws and regulations, and invites investors to pay attention to investment risks.

Disclaimer: The market is risky, and investors should be cautious. 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 are discrepancies, please refer to the actual announcement. If you have any questions, please contact biz@staff.sina.com.cn.

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Responsible editor: Xiao Lang Express