China Fortune Land chairman completes share repurchase plan

Wang Wenxue, Chairman and controlling shareholder of China Fortune Land Development (SSE: 600340), has completed his second share repurchase plan of 2024. He purchased 8,646,000 shares via on-market transactions, exceeding the plan's minimum target of RMB 10 million. The total spent on repurchases was RMB 10,046,450. This second round of buying occurred between July 11, 2024, and January 10, 2025. Before this repurchase, Wang directly held 9,944,600 shares (0.254%) and indirectly held additional shares representing 14.47% of the company's total share capital. The company confirmed this repurchase program does not affect its listing status or control structure.