Ningbo Xingrui Electronic Technology Co., Ltd. (hereinafter referred to as "the Company") held the 30th meeting of the 4th Board of Directors on April 11, 2025, and the first extraordinary general meeting of shareholders in 2025 on April 28, 2025, where the proposal for the share buyback plan was approved. The Company agreed to use self-raised funds to repurchase part of its issued ordinary shares (A shares) through centralized bidding for the purpose of equity incentives, employee stock ownership plans, or other incentive types permitted by laws and regulations. The total amount of funds intended for the buyback is no less than RMB 60 million (inclusive) and no more than RMB 120 million (inclusive), with the implementation period for the buyback being within 12 months from the date of approval by the general meeting of shareholders. For specific details, please refer to the relevant announcements disclosed by the Company on the Giant Tide Information Network (http://www.cninfo.com.cn).
002937SZSE
Progress Announcement on the Company's Share Buyback Reaching 1%
✨ AI Summary
Ningbo Xingrui Electronic Technology Co., Ltd. announced that as of February 24, 2026, it has repurchased 2,980,000 shares, representing 1% of its total share capital. The buyback was conducted using self-raised funds, with a total expenditure of approximately RMB 68.41 million. The maximum and minimum prices per share were RMB 25.572 and RMB 16.739, respectively. The company will continue to implement the buyback plan in accordance with market conditions.
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