Sungrow Power plans share repurchase of up to CNY 600m

Sungrow Power Co., Ltd. (SZSE:300274) announced plans to repurchase its A-shares using its own or self-raised funds. The repurchase, approved by the board on April 9, 2025, aims to implement employee stock ownership or equity incentive plans. The company intends to spend between CNY 300 million and CNY 600 million on the repurchase, with a price ceiling of CNY 100 per share. If fully executed, the repurchase could involve approximately 3 to 6 million shares, representing between 0.14% and 0.29% of Sungrow's total issued share capital. The repurchase period will last up to 12 months from the board approval date. The company has already opened a dedicated repurchase account at China Securities Depository and Clearing Corporation Limited Shenzhen Branch.