Shemar Electric crosses 1% share buyback threshold

Jiangsu Shemar Electric Co., Ltd. announced on September 2, 2025, that its share repurchase program, initiated on July 30, 2025, has reached a key milestone. As of August 31, 2025, the company had cumulatively repurchased 5,095,324 shares through centralized bidding transactions. This represents 1.1803% of its total share capital of 431,684,575 shares.

The total amount spent on the repurchase stands at CNY 150,656,261.38, excluding stamp duty and transaction commissions. The repurchased shares were acquired at prices ranging from a minimum of CNY 28.36 per share to a maximum of CNY 30.36 per share. This progress aligns with the company's approved plan to repurchase shares for employee stock ownership plans and/or equity incentives.

The company's board had approved a share repurchase program with a total value between CNY 300 million and CNY 400 million, at a maximum price of CNY 38 per share. The repurchase period extends for 12 months from the board's approval date. Jiangsu Shemar Electric reaffirms its commitment to transparency and will continue to disclose the progress of the buyback in accordance with regulatory requirements.