China Merchants Expressway to expedite share repurchase plan

China Merchants Expressway Network & Technology Holdings announced its decision to expedite its share repurchase plan, initially disclosed on October 17, 2024. The company intends to utilize its own funds or self-raised funds to repurchase shares through the Shenzhen Stock Exchange via centralized bidding. All repurchased shares will be cancelled to reduce registered capital. This move underscores the company's confidence in its future prospects and perceived undervaluation in the market. China Merchants Expressway will adhere to relevant regulations and disclose updates on the repurchase progress. The company advises investors to be aware of investment risks.