HMT Xiamen NMT progresses major share repurchase program

HMT (Xiamen) New Technical Materials Company Limited announced significant progress in its share repurchase program, with a cumulative total of 21,138,449 shares bought back as of August 31, 2025. This represents 6.42% of the company's current total share capital of 329,060,517 shares. The total expenditure for these repurchases reached RMB 782,097,036.37, excluding stamp duty and transaction commissions, with prices ranging from RMB 29.50 to RMB 41.66 per share.

The initial repurchase plan, approved on December 4, 2024, set a budget of RMB 250 million to RMB 500 million. This was subsequently increased on December 19, 2024, to a range of RMB 400 million to RMB 800 million. The company aims to use the repurchased shares for employee stock ownership plans or equity incentives, with the program's effective period spanning from December 4, 2024, to December 3, 2025. The maximum repurchase price was adjusted on June 23, 2025, from RMB 42.00 to RMB 41.91 per share following the 2024 annual equity distribution.

HMT Xiamen NMT has affirmed that its repurchases are in compliance with relevant laws and its approved share repurchase plan. The company pledged to continue executing the program within the stipulated timeframe and to provide timely updates on its progress.