Kibing Group announces share repurchase plan up to RMB 200m

Zhuzhou Kibing Group Co., Ltd. has announced a plan to repurchase its shares through centralized bidding transactions, with a total investment ranging from RMB 100,000,000 to RMB 200,000,000. The shares, intended for employee stock ownership plans or equity incentives, will be purchased at a price not exceeding RMB 9.00 per share, using the company's own or self-raised funds.

Based on the maximum repurchase price, the company plans to buy back between 11,000,000 and 22,000,000 shares, representing 0.41% to 0.82% of its total share capital. The repurchase period is set for 12 months, from September 25, 2025, to September 24, 2026, following approval by the board of directors.

This move aims to enhance investor confidence, bolster long-term shareholder value, and strengthen the company's incentive mechanisms. The board of directors has granted management the authority to execute all aspects of the repurchase plan, which is not expected to materially impact the company's daily operations, financial health, or listing status.