002932SZSE

Announcement on the Progress of Share Buyback

✨ AI Summary

Wuhan Mingde Biotechnology Co., Ltd. announced the progress of its share buyback program, which was approved on March 23, 2026. As of May 31, 2026, the company repurchased 6,896,750 shares, accounting for 2.97% of its total share capital, with a total transaction amount of approximately RMB 114.12 million. The buyback is in compliance with relevant regulations and will continue within the specified timeframe.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Wuhan Mingde Biotechnology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

On March 23, 2026, the Company held the fourth meeting of the fifth Board of Directors, where it reviewed and approved the proposal for the share buyback plan. The Company intends to use its own funds or self-raised funds to repurchase shares through centralized bidding, aimed at maintaining the Company's value and protecting shareholders' rights. The repurchased shares will be sold in accordance with relevant regulations. The total amount for the buyback will not exceed RMB 200 million and not be less than RMB 100 million, with a repurchase price not exceeding RMB 28 per share. The specific number of shares repurchased will be based on the actual number of shares repurchased by the end of the buyback period. The implementation period for the buyback is within three months from the date the Board of Directors approved the buyback plan.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.