Nanjing Tanker updates share buyback program to reduce capital

Nanjing Tanker Corp. announced the latest progress of its share repurchase program, initially disclosed on August 25, 2025. The company aims to repurchase shares within a price range of RMB 3.19 to RMB 4.32 per share, with an allocated capital between RMB 250 million and RMB 400 million, specifically to reduce its registered capital.

As of October 2025, Nanjing Tanker Corp. had repurchased 1,826,200 shares through centralized bidding. This accounts for 0.04% of its total share capital. The highest price paid for these shares was RMB 3.20 per share, and the lowest was RMB 3.19 per share, totaling RMB 5,842,387.00 (excluding transaction fees).

Cumulatively, by the end of October 2025, the company had repurchased a total of 76,863,800 shares, representing 1.60% of its total share capital. The highest purchase price reached RMB 3.38 per share, and the lowest was RMB 3.19 per share, with the total expenditure amounting to RMB 255,885,394.43 (excluding transaction fees).