Orient Securities announces share repurchase plan up to CNY500m

Orient Securities announced a plan to repurchase A-shares from the secondary market with funds ranging from CNY250 million to CNY500 million. The repurchase aims to safeguard the company’s value and shareholder interests. The maximum repurchase price is set at CNY13.5 per share, with the repurchase period spanning three months following board approval. The company will use its own funds for the repurchase. As of the announcement date, directors, supervisors, senior management, and major shareholders have no plans to reduce their holdings. The repurchase plan is subject to market conditions and regulatory requirements. The company believes the repurchase will not materially impact its operations, finance, or future development, and that it will meet the requirements for a listed company post-repurchase. The Board has authorized management to handle the specifics of the repurchase within regulatory guidelines.