Wintime Energy continues share repurchase program

Wintime Energy (SSE:600157) announced continued progress on its share repurchase program, initiated on June 25, 2024. As of March 31, 2025, the company has repurchased 233,476,200 shares, representing 1.05% of the total share capital. The share purchases were executed through the Shanghai Stock Exchange trading system, with prices ranging from CNY 1.02 to CNY 1.71 per share. The total expenditure for the repurchase amounted to CNY 277,313,734.08 (excluding transaction costs). The company intends to use these repurchased shares for cancellation and reduction of registered capital. The buyback program, initially approved on June 25, 2024, has a repurchase budget between CNY 500 million and CNY 1 billion. The company will continue to implement the repurchase program in accordance with regulations and market conditions and will fulfill its disclosure obligations.