Zhuzhou Kibing Group starts share buyback, continues wealth management

Zhuzhou Kibing Group commenced its first share repurchase program on October 20, 2025, acquiring 4,683,300 shares, representing 0.1745% of its total share capital. The repurchase was conducted via centralized bidding, with prices ranging from 6.94 yuan to 7.07 yuan per share, totaling 32,873,269.00 yuan (excluding transaction fees). This initial buyback aligns with the board's approval on September 25, 2025, for a program spanning until September 24, 2026, targeting 100,000,000 yuan to 200,000,000 yuan for employee stock ownership or incentive plans.

Concurrently, the company continues its wealth management strategy, purchasing 105,000,000 yuan in bank wealth management products on October 21, 2025, using idle own funds. This follows the recent recovery of 59,245,000 yuan from matured wealth management products, yielding 1,579,800 yuan in income. The company’s total unused wealth management quota stands at 91,745,000 yuan, with a maximum daily investment limit of 2,000,000,000 yuan approved by the board on April 23, 2025.

As of October 20, 2025, Zhuzhou Kibing Group holds 108,255,000 yuan in outstanding wealth management principal, representing 26.34% of its monetary funds as of June 30, 2025. These financial maneuvers aim to optimize capital utilization and boost returns for shareholders.