CECEP Wind-Power completes RMB 100m share buyback

CECEP Wind-Power Corporation Limited announced the completion of its share repurchase plan, having bought back 33,014,110 shares, representing 0.509997% of its total share capital. The total expenditure for the buyback, excluding transaction fees, amounted to RMB 100,000,260.90. The shares were repurchased at prices ranging from RMB 2.99 to RMB 3.10 per share, with an average price of RMB 3.03 per share.

The company's board of directors initially approved the buyback plan on April 28, 2025, with a target repurchase amount of RMB 100 million to RMB 200 million. Following a 2024 annual equity distribution, the price cap was adjusted to RMB 4.37 per share, effective June 18, 2025. The buyback commenced on July 9, 2025, and concluded on September 23, 2025.

All repurchased shares will be cancelled on September 25, 2025, reducing the company's registered capital. This action is not expected to significantly impact the company's operations, financial position, or control structure. The company confirmed that no directors, supervisors, senior management, controlling shareholders, or proposers of the buyback traded company shares during the repurchase period.