Zhongfu Straits Pingtan progresses with share repurchase plan

Zhongfu Straits Pingtan Development Co., Ltd. (SZSE:000592) announced an update on its share repurchase program, initially approved on June 27, 2024. As of March 31, 2025, the company has repurchased 37,776,600 shares, representing 1.9555% of the company's total share capital. The repurchases were made through centralized bidding on the Shenzhen Stock Exchange. The highest transaction price was CNY 2.51 per share, and the lowest was CNY 1.30 per share. The total transaction amount was CNY 56,191,215 (excluding related transaction costs). The company stated that it will continue to implement the repurchase plan based on market conditions and regulatory requirements while keeping investors informed of progress and potential risks. These risks include the stock price exceeding the repurchase price limit, potential major events impacting the share price, or significant changes in the company's operating or financial situation leading to plan termination or modification.