Shenzhen Weihai De Technology Co., Ltd. (hereinafter referred to as "the Company") held the fifth meeting of the fourth board of directors on May 18, 2026, where it reviewed and approved the proposal on the share buyback plan. The Company intends to use part of the excess funds obtained from its initial public offering of common shares to repurchase its shares for the subsequent implementation of employee stock ownership plans or equity incentives. For specific details, please refer to the announcement on the share buyback plan disclosed by the Company on May 18, 2026, on the designated information disclosure website of the China Securities Regulatory Commission, www.cninfo.com.cn.
301318SZSE
Announcement on the First Share Buyback of the Company
✨ AI Summary
Shenzhen Weihai De Technology Co., Ltd. has approved a share buyback plan using part of the excess funds from its IPO. On May 26, 2026, the company repurchased 20,000 shares at a total cost of 463,550 RMB. The buyback complies with relevant regulations and is intended for future employee stock ownership plans or equity incentives.
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