Yonyou Network announces share repurchase progress

Yonyou Network Technology (SSE:600588) announced the progress of its share repurchase program via centralized bidding, revealing the buyback of 38,300 shares in March 2025 at a total cost of CNY 696,159. As of March 31, 2025, the company has cumulatively repurchased 2,400,690 shares, representing 0.07% of its total share capital. The highest purchase price was CNY 18.44 per share, and the lowest was CNY 9.92 per share, with cumulative spending reaching CNY 25,766,855. The buyback program, approved on September 4, 2024, aims to repurchase shares within a range of CNY 50 million to CNY 100 million for employee stock ownership or equity incentives, or to safeguard the company’s value and shareholder interests. Yonyou Network stated it will continue to implement the repurchase plan as per market conditions and regulatory guidelines.