China Hongqiao cancels 57m shares after recent repurchases

China Hongqiao Group Limited announced a reduction in its total issued shares by 57,149,000 ordinary shares on September 11, 2025. These shares, repurchased between September 1 and September 5, 2025, were canceled, bringing the new closing balance of issued shares to 9,514,281,226. The repurchased shares, accounting for 0.6% of the existing issued shares before the event, were acquired at a volume-weighted average price of HK$25.5483 per share.

The company also disclosed several outstanding share repurchases that have not yet been canceled as of September 11, 2025. These include 1,100,000 shares repurchased on September 8 at HK$24.7414, 1,244,000 shares on September 9 at HK$24.19, and 980,000 shares on September 10 at HK$24.2207. An additional 100,500 shares were repurchased on September 11 at HK$24.5138, also awaiting cancellation.

As of September 11, 2025, China Hongqiao Group has repurchased a total of 149,243,500 shares under a mandate granted on May 7, 2025, which authorized the repurchase of up to 935,986,800 shares. This represents 1.59% of the issued shares as of the mandate date. The moratorium period for any new share issues or treasury share sales following these repurchases extends up to October 11, 2025.