China MCC unveils share buyback plan, investor briefing on asset sale

China MCC announced a plan to repurchase both A-shares and H-shares, aiming to protect shareholder interests and enhance company value. The A-share repurchase, funded by internal resources, will range from 10 bn yuan to 20 bn yuan, with a price cap of 4.90 yuan per share, and will be completed within 12 months following shareholder approval. The H-share repurchase will not exceed 10% of the total issued H-shares, with a cap of 5 bn yuan. Both repurchases are intended for cancellation to reduce registered capital.

The company also scheduled an investor briefing for December 19, 2025, from 16:00 to 17:00, to discuss a previously disclosed asset sale and related party transaction. The briefing will be held online via the "Roadshow China" platform, with key company executives participating to address investor questions.

The A-share repurchase, representing between 0.98% and 1.97% of the total share capital, is expected to have a limited impact on the company's financial health, given its total assets of 8,080.16 bn yuan and currency reserves of 525.59 bn yuan as of December 31, 2024. The company's major shareholders and management confirmed no plans to reduce their holdings in the next six months.