Daqin Railway announces share buyback program up to RMB 15 bn

Daqin Railway Company Limited plans to repurchase its A-shares through centralized competitive bidding, with a total value ranging from RMB 10 billion to RMB 15 billion, using its own funds. The repurchased shares will be cancelled, reducing the company's registered capital. The buyback price is capped at RMB 8.19 per share.

The share buyback program will last for up to 12 months from the date of approval at the company's shareholders' meeting on September 23, 2025. Based on the maximum buyback price, the company expects to repurchase between 122.10 million and 183.15 million shares, representing approximately 0.61% to 0.91% of its total share capital.

The company has confirmed that its directors, supervisors, senior management, controlling shareholders, and shareholders holding 5% or more of its shares currently have no plans to reduce their holdings in the next three or six months. The buyback is intended to demonstrate confidence in the company's future development and maintain capital market stability.