Zhongtai Securities announces share repurchase plan

Zhongtai Securities Co., Ltd. (SSE:600918) has announced a plan to repurchase its own shares through centralized bidding transactions. The repurchase aims to reduce registered capital and enhance shareholder value. The total amount allocated for the repurchase will range from CNY 300 million to CNY 500 million, sourced from the company's own funds. The repurchase price will not exceed CNY 9.42 per share, and the period for the repurchase will be within three months from the date of shareholder approval. The company has already notified its creditors regarding the capital reduction. Zhongtai Securities will establish a dedicated securities account for the repurchase. The company has cautioned investors about potential risks, including obtaining creditor consent, stock price fluctuations, and regulatory changes.