Zhongtian technology concludes fifth share repurchase, allocating to employee plan

Jiangsu Zhongtian Technology Co., Ltd. (SSE:600522) has announced the successful completion of its fifth share repurchase program, which ran from November 6, 2024, to November 5, 2025. The company repurchased 18,790,800 shares, representing 0.5506% of its total share capital. The aggregate value of the repurchase amounted to CNY 252,291,200.

The shares were acquired at prices ranging from CNY 12.60 to CNY 14.80 per share, with an average repurchase price of CNY 13.43 per share. The company's initial planned repurchase amount was between CNY 200 million and CNY 400 million, with a price cap of CNY 22.00 per share, later adjusted to CNY 21.70 per share due to a 2024 equity distribution.

All repurchased shares are intended for the company's employee stock ownership plan. Of these, 15,110,700 shares were transferred to the third phase of the employee stock ownership plan on August 1, 2025, with the remaining 3,680,100 shares held in a dedicated repurchase account. These unutilized shares will be canceled if not used within 36 months of the repurchase's completion.