Caitong Securities announces share repurchase plan up to CNY 300m

Caitong Securities announced a plan to repurchase shares on the Shanghai Stock Exchange using its own funds, with a total amount ranging from CNY 150 million to CNY 300 million. The repurchased shares will be used to maintain the company's value and protect shareholder interests. The repurchase price is capped at CNY 11.72 per share. The repurchase will be executed via centralized bidding within three months of board approval, potentially buying back between 12.8 million and 25.6 million shares, representing 0.28% to 0.55% of the company's total share capital. The company has confirmed that directors, supervisors, senior management, controlling shareholders and their concert parties currently have no plans to reduce their holdings. The repurchase is subject to market conditions and regulatory changes. The repurchase details were approved at the board meeting on April 15, 2025.