Asymchem completes share repurchase program

Asymchem Laboratories (Tianjin) announced the completion of its share repurchase program, approved at the company's shareholder meetings earlier this year. Between March 7, 2024, and February 18, 2025, the company repurchased 12,300,701 A-shares, representing 3.6161% of the total A-share capital. The highest transaction price was RMB 102.00 per share, and the lowest was RMB 71.65 per share. The total expenditure for the buyback reached RMB 999,644,601.56 (excluding transaction costs). The repurchased shares will be used for equity incentives and/or to reduce registered capital via cancellation, with plans to use them within 36 months of the buyback's completion.