WuXi AppTec announces CNY 1bn share repurchase plan

WuXi AppTec (SSE:603259) announced a plan to repurchase A-shares via centralized bidding, with a total repurchase amount of CNY 1 billion. The repurchase price will not exceed CNY 97.24 per share, capped at 150% of the average trading price in the 30 trading days prior to the board's resolution. The buyback period will not exceed three months from the date of board approval, subject to regulatory constraints. The company will use its own funds and/or self-raised funds to finance the repurchase. The repurchased shares will be cancelled, decreasing the company's registered capital. This buyback aims to safeguard company value and shareholder interests, while not affecting its ability to repay its debts and its ongoing business. As of December 31, 2024, WuXi AppTec’s total assets were CNY 80.326 billion, and net assets attributable to shareholders of the listed company were CNY 58.633 billion.