Shenzhen Zhongyao Holdings Co., Ltd. (hereinafter referred to as "the Company") held the 15th meeting of the 9th Board of Directors on July 10, 2025, and the third extraordinary general meeting of shareholders on July 28, 2025, to review and approve the "Proposal on the Repurchase of Company Shares." The Company agreed to use its own funds and special loans for share repurchase through the Shenzhen Stock Exchange trading system via centralized bidding to repurchase its issued RMB ordinary shares (A shares) for the purpose of reducing the registered capital of the Company. The total amount of funds for the share repurchase will not be less than RMB 80 million (inclusive) and not exceed RMB 100 million (inclusive), with a repurchase price not exceeding RMB 6.6 per share (inclusive). The repurchase period is within 12 months from the date of the shareholders' meeting approving the share repurchase. For specific details, please refer to the relevant announcements disclosed by the Company on the Giant Tide Information Network (www.cninfo.com.cn).
000950SZSE
Announcement on the Progress of Share Repurchase
✨ AI Summary
The company has approved a share repurchase plan using its own funds and special loans, with a total budget between RMB 80 million and 100 million. As of May 31, 2026, 15,406,600 shares have been repurchased, accounting for approximately 0.8915% of the total share capital. The repurchase complies with relevant regulations and will continue based on market conditions.
Summary generated by AI · Always verify with source document
Full Translation
AI Translation· azure_openai
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.