Jizhong Energy share buyback plan halfway complete

Jizhong Energy Resources (SZSE:000937) announced that its controlling shareholder, Jizhong Energy Group, has completed half of its planned share increase. Between November 29, 2024, and February 28, 2025, the Group acquired 1,709,600 shares of Jizhong Energy, representing 0.05% of the company's total share capital, for a total value of 9.9923 million RMB. Prior to the buyback, Jizhong Energy Group held 32.81% of Jizhong Energy Resources. Following the buyback, the Group holds 32.86%. The buyback is intended to boost investor confidence and support the company's long-term growth. The company stated that the buyback complies with relevant laws and regulations and that the controlling shareholder will not engage in insider trading or short-swing trading.