Sinotrans to accelerate A-share buyback program

Sinotrans Co., Ltd. (SSE:601598) has announced it will accelerate the repurchase of its A-shares to enhance shareholder value and boost investor confidence. The company originally disclosed its buyback plan on October 17, 2024, with the intention of using the repurchased shares for cancellation and reduction of registered capital. As of March 31, 2025, the cumulative repurchase amount has reached 60.76% of the upper limit of the planned buyback. Sinotrans stated that the decision to accelerate the program reflects its positive outlook for the company's sustained development and its commitment to investor returns. The company will adhere to relevant regulations and disclose updates on the buyback progress in a timely manner.