Sinotrans completes share repurchase, reduces capital

Sinotrans Co., Ltd. announced the completion of its A-share repurchase program, buying back 92,564,070 A shares. This represents approximately 1.27% of its total share capital. The total amount spent on the repurchase was RMB 474,504,018.96, with shares purchased at prices ranging from RMB 4.67 to RMB 6.14 per share.

The repurchase, approved by shareholders on November 15, 2024, aimed to reduce registered capital. The repurchased shares will be cancelled on November 18, 2025. This will result in a decrease in the total number of A shares from 5,255,916,875 to 5,163,352,805, and a reduction in the company’s overall share capital from 7,294,216,875 to 7,179,633,805 shares.

During the repurchase period, Sinotrans's controlling shareholder, Sinotrans & CSC Holdings Co., Ltd., also increased its stake by 53,123,631 A shares, amounting to RMB 280,386,007.40. Additionally, company directors and senior management exercised stock options under an incentive plan. The company confirmed no other buying or selling of its shares by key insiders during the repurchase period.