Zhongfu Straits Pingtan repurchases shares, nears 2% stake

Zhongfu Straits Pingtan Development (SZSE:000592) announced it has repurchased 37,776,600 shares, representing 1.9555% of the company's total share capital, as of February 28, 2025. The repurchases were executed through centralized competitive trading via the Shenzhen Stock Exchange. The highest transaction price was 2.51 yuan per share, while the lowest was 1.30 yuan per share. The total transaction amount was 56,191,215 yuan, excluding transaction costs. The repurchase activities align with the company's previously announced share repurchase plan, which aims to maintain company value and shareholder interests, potentially for future employee stock ownership or equity incentive plans. The company will continue to implement repurchase decisions based on market conditions and disclose information in a timely manner.