Kingfa Tech reports progress on share repurchase plan

Kingfa Science & Technology Co., Ltd. (SSE:600143) announced progress in its share repurchase program executed through centralized competitive bidding. As of May 31, 2025, the company has repurchased 61,979,417 shares, representing 2.35% of its total share capital. The repurchases were made at prices ranging from CNY 6.31 to CNY 9.58 per share, with a total expenditure of CNY 451,392,733.51 excluding transaction costs. The company's board of directors approved the repurchase plan on July 27, 2024, with a planned expenditure between CNY 300 million and CNY 500 million and a price no higher than CNY 9.58 per share. Kingfa Tech stated that the repurchase activities comply with relevant laws and regulations and the company's repurchase plan. They will continue to make repurchase decisions based on market conditions and fulfill information disclosure obligations.