Jasan Group repurchases 4.18% of shares, nears halfway point

Zhejiang Jasan Holding Group (603558.SH) announced it has repurchased 15,426,000 company shares, representing 4.18% of its total share capital, as of February 11, 2025. The buyback is part of a previously announced plan approved on February 22, 2024, to repurchase shares for 100 million to 200 million RMB. The shares were acquired through centralized bidding, with prices ranging from 8.24 RMB to 11.31 RMB per share, totaling an expenditure of 155.82 million RMB (including transaction costs). The repurchase plan, intended to reduce registered capital or maintain company value, is set to conclude by February 21, 2025. The company stated it will continue to make repurchase decisions based on market conditions and will disclose further progress in a timely manner.