Ningbo Huaxiang completes its first share buyback, spending 81.2865 million yuan to repurchase 3.2186 million shares

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Ningbo Huaxiang Electronics Co., Ltd. (hereinafter referred to as “Ningbo Huaxiang”) announced on April 8, 2026, that the company completed its first share repurchase on April 7. This repurchase was conducted through centralized bidding transactions, with a total of 3.2186 million shares repurchased, accounting for 0.3955% of the company’s current total share capital, with a total transaction amount of 81.2865 million yuan (excluding transaction fees). The repurchase price range was between 25.00 yuan/share and 25.55 yuan/share, not exceeding the previously set price ceiling of 48.88 yuan/share.

First Repurchase Implementation Details

According to the announcement, Ningbo Huaxiang’s first repurchase was completed on April 7, 2026, through a dedicated securities account for repurchase. Specific data shows:

The announcement emphasizes that this repurchase strictly complies with the “Rules for Share Repurchase by Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 9—Share Repurchase,” and other regulations. The timing, quantity, price, and entrusted period of the repurchase all meet regulatory requirements.

Background of the Repurchase Plan

Reviewing the announcement information, Ningbo Huaxiang held the 29th meeting of the 8th Board of Directors on March 3, 2026, and approved the share repurchase plan. According to the plan, the company intends to use its own funds to repurchase shares through centralized bidding, for employee stock ownership plans or equity incentives. The total repurchase funds are set to not less than 200 million yuan (inclusive) and not more than 210 million yuan (inclusive). The upper limit of the repurchase price is 48.88 yuan/share, with an implementation period of 12 months from the date of board approval.

Follow-up Arrangements

Ningbo Huaxiang stated that the company will continue to promote this share repurchase plan based on market conditions and will fulfill information disclosure obligations in accordance with relevant laws and regulations in a timely manner. The announcement also reminds investors to pay attention to market risks and make rational decisions.

The completion of this first repurchase marks the substantive implementation stage of the company’s repurchase plan. Based on the current repurchase amount, the 81.2865 million yuan repurchased has accounted for 40.64% of the planned funds’ lower limit, with 118 million to 129 million yuan remaining available for future repurchases.

Disclaimer: The market carries risks; investment 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. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express