Sinomag Technology completes share repurchase program

Anhui Sinomag Technology Co., Ltd. (SZSE:300835) has announced the completion of its share repurchase program, initially approved on September 19, 2024. The company repurchased 1,683,600 A shares, representing 1.41% of its total share capital, for a total expenditure of 39,872,046.90 yuan. The highest transaction price was 27.136 yuan per share, and the lowest was 21.96 yuan. The repurchased shares will be used for employee stock ownership or equity incentive plans. All shares are held in a dedicated repurchase account. The company confirmed that the repurchase activities adhered to relevant regulations and that the buyback has not affected company control or listing status.