Shanghai Chengtou Holding announces share buyback plan up to 1 bn yuan

Shanghai Chengtou Holding plans to repurchase shares through centralized competitive bidding, with a total value between 0.5 bn yuan and 1 bn yuan. The repurchase price will not exceed 6.87 yuan per share. The company's board approved the plan on August 28, 2025, and the program is set to be completed within three months, utilizing own funds and a 0.9 bn yuan loan from the Bank of China Shanghai Branch. Repurchased shares will be canceled within three years, maintaining company value and shareholder equity.

The company's top ten shareholders, including Shanghai Chengtou (Group) Co., Ltd. (46.93%) and Hony (Shanghai) Equity Investment Fund Center (Limited Partnership) (6.00%), were disclosed as of August 29, 2025. Neither the company's directors nor its controlling shareholder, Shanghai Chengtou (Group) Co., Ltd., have plans to reduce their holdings in the next 3 or 6 months.

The buyback is not expected to significantly impact Shanghai Chengtou Holding's daily operations, finances, or profitability. The company currently has total assets of 846.69 bn yuan and net assets attributable to shareholders of 209.02 bn yuan. The board has granted the management discretion to adjust the buyback plan based on market conditions and regulatory changes.