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NARI Technology announces progress on share repurchase program

July 1, 2025 at 05:03 PM UTCBy FilingReader AI

NARI Technology (SSE:600406) announced progress in its share repurchase program initiated following a proposal by its former chairman on April 7, 2025. As of June 30, 2025, the company has repurchased 7,882,583 shares, representing 0.098% of the total share capital. The buyback, conducted through centralized bidding transactions, occurred at prices ranging from CNY 22.13 to CNY 22.31 per share. The total expenditure for the repurchase amounted to CNY 175,247,024.63, excluding transaction costs. This repurchase aligns with the previously announced plan to use between CNY 500 million and CNY 1 billion for employee stock ownership or equity incentives. The company will continue to make repurchase decisions based on market conditions and fulfill its information disclosure obligations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600406Shanghai Stock Exchange

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