Daqin Railway progresses on share repurchase program, targets capital reduction

Daqin Railway Company has disclosed the latest progress on its share repurchase program, which commenced on September 23, 2025, and is scheduled to run until September 22, 2026. The company intends to repurchase shares totaling between RMB 1 billion and RMB 1.5 billion, specifically to decrease its registered capital.

As of November 30, 2025, Daqin Railway had cumulatively repurchased 36,242,900 shares. This represents 0.1799% of the company's total share capital. The aggregate value of these repurchased shares stands at RMB 204,950,014.00, excluding transaction fees. The buyback prices ranged from a low of RMB 5.51 per share to a high of RMB 5.78 per share.

The company's board of directors and shareholders initially approved the share repurchase scheme on August 27 and September 23, 2025, respectively. Following a mid-year dividend distribution of RMB 0.08 per share on October 24, 2025, the maximum repurchase price was adjusted from RMB 8.19 per share to RMB 8.11 per share. Daqin Railway confirmed that the buyback adheres to relevant laws and its approved scheme.