Suzhou Ailong Technology Co., Ltd. Buyback Progress: Total repurchased amount of 1.7772 million yuan, completing 59.24% of the planned amount.

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On April 2, 2026, Suzhou Ailong Technology Co., Ltd. (“Ailong Technology,” hereinafter) released an announcement 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 85.7k shares, accounting for 0.1110% of the total share capital, and has paid RMB 85.7k, achieving 59.24% of the expected repurchase amount range.

Review of the Repurchase Plan

According to the announcement, on April 25, 2025, Ailong Technology held the fifth meeting of the fifth session of its board of directors, where the repurchase plan was reviewed and approved. Under the plan, the company intends to use its own funds to repurchase part of its A-shares through centralized bidding on the Shanghai Stock Exchange. The total repurchase amount is within the range of RMB 1.5 million to RMB 3.0 million. The repurchase price shall not exceed RMB 23.20 per share. The repurchase period is 12 months from the date the board approves the plan (i.e., from April 25, 2025 to April 24, 2026). All repurchased shares will be used for an employee stock ownership plan or equity incentives.

Progress of the Repurchase

As of March 31, 2026, Ailong Technology’s specific repurchase implementation is as follows:

The announcement indicates that the company has cumulatively repurchased 85.7k shares via centralized bidding, representing 0.1110% of the total share capital. The highest transaction price of the repurchased shares was RMB 22.54 per share, and the lowest was RMB 19.75 per share. The total amount paid was RMB 85.7k (excluding stamp duty, transaction commissions, and other fees). Based on the upper limit of the expected repurchase amount of RMB 3.0 million, 59.24% has been completed to date; based on the midpoint of the range of RMB 2.25 million, the completion ratio is 78.99%.

Next Steps

Ailong Technology states that it will strictly comply with regulations such as the “Rules for Share Repurchase by Listed Companies” and the “No. 7 Self-Regulatory Guidance on Share Repurchases by Shanghai Stock Exchange Listed Companies,” among others, and within the remaining repurchase period (as of April 24, 2026) will carry out the repurchases in a timely manner based on market conditions, and fulfill information disclosure obligations in a timely manner. The company reminds investors to be aware of investment risks.

The advancement of this repurchase plan is intended to further improve the company’s long-term incentive mechanism by linking the interests of the core team through an employee stock ownership plan or equity incentives. Market analysis suggests that repurchased shares used for incentive plans are generally seen as a reflection of the company’s confidence in its own development prospects, but the specific effect still needs to be comprehensively judged in light of the subsequent incentive plan and the company’s performance.

Disclaimer: There are risks in the market; 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 are any discrepancies, please refer to the actual announcements. If you have any questions, please contact biz@staff.sina.com.cn.

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Responsible editor: Xiao Lang Kuai Bao