Shanghai Xinpeng Industrial Co., Ltd. (hereinafter referred to as "the Company") held the 15th meeting of the 6th Board of Directors on April 2, 2026, where it approved the proposal for the share repurchase plan. The Company agreed to use its own funds and raised funds (including special loans for share repurchase) to repurchase part of its shares through centralized bidding, with a total repurchase amount not less than RMB 60 million (inclusive) and not more than RMB 120 million (inclusive), and the repurchase price not exceeding RMB 10.00 per share. The repurchase period is within 12 months from the date of the Board's approval of the share repurchase plan, and the specific amount and number of shares repurchased will be based on the actual repurchase amount and number of shares at the end of the repurchase. The repurchased shares will be used for equity incentives or
002328SZSE
Announcement on the Progress of Share Repurchase by the Company
✨ AI Summary
The announcement details the company's approval to repurchase shares using its own and raised funds, with a total budget between RMB 60 million and RMB 120 million. The repurchase price is capped at RMB 10.00 per share, and the repurchase period lasts for 12 months. As of May 31, 2026, no shares have been repurchased yet. Future repurchases will depend on market conditions and company performance.
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