Cnano Technology initiates share repurchase program

Jiangsu Cnano Technology (SSE:688116) announced its first share repurchase on July 8, 2025, under a program approved in January 2025. The company repurchased 400,000 shares, representing 0.11% of the total share capital, at prices ranging from CNY 43.46 to CNY 43.85 per share. The total expenditure for this initial repurchase amounted to CNY 17,476,215.55, excluding transaction costs. The company intends to use the repurchased shares for employee stock ownership plans or equity incentives. The repurchase program, with a total budget between CNY 50 million and CNY 100 million, will continue until January 9, 2026, and will be executed at the company's discretion, based on market conditions. The maximum repurchase price is capped at CNY 63.32 per share following a 2024 rights distribution.