Songyang Recycling progresses with share repurchase program

Guangdong Songyang Recycling Resources Co., Ltd. (SSE:603863) announced further progress in its share repurchase program, initially disclosed on June 13, 2024. As of March 31, 2025, the company has cumulatively repurchased 26,600 shares, representing 0.0130% of the total share capital. The repurchase transactions were conducted via centralized bidding on the Shanghai Stock Exchange, with prices ranging from CNY 18.85 to CNY 18.94 per share. The total expenditure for the repurchase amounted to CNY 502,405.05, excluding transaction costs. The company intends to utilize the repurchased shares for employee stock ownership plans or equity incentives, aligning with the previously announced repurchase plan. The repurchase program remains active until June 12, 2025, with a planned investment between CNY 1,500,000.00 and CNY 3,000,000.00.