Jiangsu Cnano Technology updates on share buyback progress

Jiangsu Cnano Technology (SSE:688116) has disclosed the latest progress in its share repurchase program, which commenced on January 10, 2025, and is set to conclude on January 9, 2026. The company aims to repurchase between CNY 50 million and CNY 100 million of its shares for employee stock ownership plans or equity incentives. The initial proposal, made by the company's controlling shareholder and chairman Zheng Tao, set a maximum repurchase price of CNY 63.47 per share, later adjusted to CNY 63.32 per share following the 2024 annual equity distribution.

As of September 4, 2025, the company has cumulatively repurchased 1,117,000 shares through concentrated competitive bidding via the Shanghai Stock Exchange trading system. This represents 0.30% of the company's total share capital of 366,415,836 shares. The total amount spent on these repurchases stands at CNY 54,151,669.82, excluding stamp duty and trading commissions.

The repurchased shares were acquired at prices ranging from a low of CNY 43.46 per share to a high of CNY 51.61 per share. The company affirmed that the share repurchase progress aligns with all relevant laws, regulations, and its approved plan. Jiangsu Cnano Technology will continue to make repurchase decisions opportunistically within the specified period.