300835SZSE

Announcement on the Progress of Reducing Repurchased Shares through Centralized Bidding

Sinomag Technology Co., Ltd.··2 pages

✨ AI Summary

Anhui Longci Technology Co., Ltd. announced the approval of a plan to reduce repurchased shares via centralized bidding. The reduction period is from April 14, 2026, to October 13, 2026, with a maximum of 1,805,270 shares (1.51% of total shares). As of May 31, 2026, 1,090,000 shares have been sold, generating a total of 138,379,047.20 yuan.

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Full Translation

AI Translation· azure_openai

Anhui Longci Technology Co., Ltd. (hereinafter referred to as "the Company") held the 23rd meeting of the 6th Board of Directors on March 20, 2026, and approved the proposal on reducing repurchased shares through centralized bidding. According to the usage agreement of the repurchased shares disclosed in the "Repurchase Report" on February 2, 2024 (Announcement No. 2024-008), the Company agreed to reduce the repurchased shares used to maintain the Company's value and shareholder rights through centralized bidding. The implementation period is within six months starting from 15 trading days after the announcement of the reduction plan (from April 14, 2026, to October 13, 2026, excluding any legally mandated reduction prohibition periods), with a maximum reduction of 1,805,270 shares (not exceeding 1.51% of the Company's total share capital), and the reduction price will be determined based on the secondary market price at the time of reduction. For specific details, please refer to the announcement titled "Announcement on the Plan to Reduce Repurchased Shares through Centralized Bidding" disclosed by the Company on March 20, 2026 (Announcement No. 2026-012).

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