Xusheng Group initiates share repurchase program

Ningbo Xusheng Auto Technology (SSE:603305) announced its first share repurchase under the program approved on April 8, 2025. The company plans to utilize its own funds to repurchase shares via centralized bidding, allocating between CNY 75 million and CNY 150 million for the program. As of April 16, 2025, the company repurchased 230,000 shares, representing 0.0241% of the total share capital, at prices ranging from CNY 11.82 to CNY 11.87 per share, totaling CNY 2,721,850 (excluding transaction costs). The repurchase is intended for employee stock ownership plans or equity incentives, and to safeguard company value and shareholder interests, with the repurchase period not exceeding 12 months from the board's approval.