Hongta Securities' share repurchase is nearing the limit, with a total expenditure of 199.78 million yuan to buy back 23.55M shares.

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On April 2, Hongta Securities Co., Ltd. (hereinafter referred to as “Hongta Securities”) released an announcement on the progress of its share repurchase, disclosing the implementation status as of March 31, 2026. The announcement shows that, as of now, the company has cumulatively repurchased 23.5540 million shares, accounting for 0.499% of the total share capital. The company has cumulatively paid RMB 199.7785 million, which is nearing the upper limit of RMB 1 billion to 2 billion specified in the repurchase plan.

Repurchase Progress: Cumulative Amount Approaching the RMB 200 Million Upper Limit

According to the announcement data, in March 2026, Hongta Securities repurchased 5.0781 million shares through centralized bidding transactions, accounting for 0.108% of the company’s total share capital, and paid a total amount of RMB 39.8266 million (excluding transaction fees). By then, since the implementation of the repurchase plan, the company has cumulatively repurchased 23.5540 million shares, accounting for 0.499% of the total share capital. The highest purchase price was RMB 9.07 per share, the lowest was RMB 7.80 per share, and the cumulative total payment was RMB 199.7785 million (excluding transaction fees).

Background of the Repurchase Plan: To Reduce Registered Capital

According to the announcement, Hongta Securities’ share repurchase plan was proposed by Mr. Jing Feng, the chairman, on July 8, 2025, and was approved at the 2nd meeting of the 8th session of the board of directors, the 24th meeting of the 7th session of the board of supervisors, and the 3rd extraordinary general meeting of shareholders in 2025, all held on July 17, 2025. The plan clearly states that the company intends to use its own funds of RMB 100 million (inclusive) to RMB 200 million (inclusive) to repurchase shares through centralized bidding transactions, with a repurchase price not exceeding RMB 12.76 per share, for the purpose of “reducing the company’s registered capital.”

Due to the company’s implementation of the 2025 interim profit distribution, the upper limit of the repurchase price was adjusted to not exceeding RMB 12.71 per share (inclusive) starting from October 16, 2025. The repurchase implementation period is from August 4, 2025 to August 3, 2026. At present, more than half of the time has passed.

Next Steps: Strictly Implement the Repurchase in Accordance With Regulations

In the announcement, Hongta Securities stated that it will strictly comply with relevant provisions such as the 《Rules for Share Repurchase by Listed Companies》 and the 《Shanghai Stock Exchange Listed Company Self-Regulatory Guidance No. 7 — Share Repurchases》, among others. During the repurchase period, it will repurchase shares at appropriate times based on market conditions, and promptly fulfill its information disclosure obligations. The company reminds investors to pay attention to investment risks.

This update on the repurchase shows that Hongta Securities is close to completing the upper limit of the repurchase amount. Whether it will continue to implement the repurchase afterward will depend on market conditions and the company’s decisions.

Statement: The market involves risks; investment should be done with caution. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s viewpoints. 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.

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Responsible editor: Xiao Lang Express