Hengyi Petrochemical continues share repurchase program

Hengyi Petrochemical (SZSE:000703) announced continued progress in its fifth share repurchase program, initiated on October 22, 2024. As of March 31, 2025, the company has cumulatively repurchased 29,240,840 shares, representing 0.80% of its total share capital. The repurchase was conducted through a dedicated securities account using centralized bidding transactions, with the highest transaction price at CNY 6.62 per share and the lowest at CNY 5.97 per share. The total expenditure for the repurchase amounted to CNY 184,899,176.08, excluding commissions and transfer fees. The company confirmed that the repurchase activities adhere to relevant laws, regulations, and the previously established repurchase plan. Hengyi Petrochemical will continue to implement the share repurchase scheme based on market conditions and will fulfill information disclosure obligations in a timely manner. The initial repurchase plan, approved by the board in October 2024, authorized a repurchase of between CNY 125 million and CNY 250 million with a maximum price of CNY 9.00 per share.