Nanjing Tanker hits 2% share repurchase mark, reducing capital

Nanjing Tanker Corp. (SSE:601975) announced the latest progress of its share repurchase program, noting that as of November 18, 2025, it had cumulatively repurchased 112,533,870 shares through centralized bidding transactions. This represents 2.34% of the company's total share capital, an increase of 0.74% since the last disclosure. The shares were acquired at prices ranging from RMB 3.17 to RMB 3.38 per share.

The total amount expended on these repurchases stands at RMB 371,704,943.93 (excluding transaction fees). The repurchase program, initially approved on September 9, 2025, with an expected duration until September 8, 2026, aims to reduce the company's registered capital. The total planned repurchase amount ranges from RMB 250,000,000 to RMB 400,000,000.