China Communications Construction to repurchase, cancel restricted shares

China Communications Construction Company Limited (HKEX:1800) announced the repurchase and cancellation of 4,117,200 restricted shares under its 2022 Restricted Share Incentive Scheme. The decision follows the departure of participants due to organizational changes, resignations, and failure to meet performance targets. The repurchase involves both the initial and reserved grants of the scheme. The total cost is estimated at approximately RMB19.40 million plus fixed deposit interest. The move will reduce the company's total number of shares from 16,278,611,425 to 16,274,494,225. The company states the repurchase will not materially impact its financial condition or operations. The board approved the repurchase on June 13, 2025.