China State Construction Engineering Corporation International's share repurchase progress: 8.65M shares repurchased, costing 76.2893 million yuan

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On April 3, 2026, China Engineering International Engineering Co., Ltd. (hereinafter referred to as “China Engineering International”) issued an announcement on the progress of share repurchase, disclosing the implementation status of the share repurchase as of March 31, 2026. The announcement shows that the company has repurchased a total of 8,645,792 shares, accounting for 0.70% of the total share capital, with a total payment of 76.2893 million yuan, and the repurchase price did not exceed the upper limit set in the plan.

Background of the Repurchase Plan

Reviewing the announcement information, China Engineering International held the 14th meeting of the 8th Board of Directors on October 13, 2025, and the 2nd extraordinary general meeting of 2025 on October 29, 2025, approving the proposal “Regarding the Repurchase of Company Shares.” According to the plan, the company intends to use its own funds and self-raised funds to repurchase shares through Shenzhen Stock Exchange’s centralized bidding trading method, with all repurchased shares to be canceled and reduce registered capital. The repurchase price shall not exceed 12.85 yuan per share, with a total fund range of no less than 50 million yuan (including this amount) and no more than 100 million yuan (including this amount). The implementation period is within 12 months from the date of approval by the shareholders’ meeting.

Progress of the Repurchase Implementation

As of March 31, 2026, the company carried out the repurchase through a dedicated securities account for share repurchase via centralized bidding, with specific details as follows:

The announcement points out that the repurchase price this time did not exceed the upper limit of 12.85 yuan per share in the repurchase plan, the use of funds complies with the range of 50 million to 100 million yuan, and the overall implementation is in accordance with relevant laws, regulations, and the company’s established repurchase plan.

Compliance Explanation

China Engineering International emphasizes in the announcement that the timing, quantity, price, and entrusted period of centralized bidding trading for this share repurchase all comply with the relevant provisions of “Guideline No. 9 for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange — Repurchase of Shares.” Specifically: no repurchase during sensitive periods such as major decision-making and disclosure periods; entrusted prices are not set at the daily trading limit; and no repurchase entrustment was made during trading days with no price fluctuation limits for opening call auctions, closing call auctions, or trading days without price fluctuation limits.

Follow-up Arrangements

The company states that it will continue to implement repurchases opportunistically based on market conditions within the repurchase period and will fulfill information disclosure obligations in a timely manner according to relevant regulations. Investors are advised to pay attention to the company’s announcements and be cautious of investment risks.

Disclaimer: The market has 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. For discrepancies, please refer to the actual announcement. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express