Hundsun Technologies completes share repurchase plan

Hundsun Technologies (SSE:600570) announced the completion of its share repurchase program, initially disclosed on November 5, 2024. The company repurchased a total of 2,377,600 shares, representing 0.1255% of the total share capital, at prices ranging from 28.01 to 30.34 RMB per share. The total expenditure for the repurchase was 69.97 million RMB, utilizing a combination of company funds and bank loans. These repurchased shares will be cancelled on March 4, 2025. The repurchase was conducted through a centralized bidding transaction system and will not affect the company's control or listing status. The repurchased shares have been placed in a dedicated securities account and do not have the rights to vote, profit, or receive dividends.