Ninestar continues share repurchase program

Ninestar Corporation (SZSE:002180) announced continued progress in its share repurchase program, initiated on December 6, 2023. Between January 31, 2025, and March 31, 2025, the company repurchased 7,350,100 shares, representing 0.52% of its total share capital. The highest price paid per share was CNY 29.99, and the lowest was CNY 18.00, for a total expenditure of CNY 159,849,897.53, excluding transaction costs. The company intends to use the repurchased shares for employee stock ownership plans or equity incentives. The repurchase program, initially capped at a maximum price of CNY 40.42 per share and a total budget between CNY 20,000,000.00 and CNY 40,000,000.00, was extended on December 3, 2024, and will now run until June 5, 2025. Ninestar will continue to disclose repurchase progress in accordance with regulatory requirements.