Three-Circle Group announces share repurchase plan up to CNY 200m

Chaozhou Three-Circle Group announced a share repurchase plan with a total value ranging from CNY 150 million to CNY 200 million. The repurchased shares, intended for equity incentive or employee stock ownership plans, will be acquired through centralized bidding at a price not exceeding CNY 57.79 per share, which is 150% the average stock price for the 30 trading days prior to the board's resolution. The repurchase is planned to be executed within 12 months from the board approval date, April 10, 2025, with the company using its own funds or self-raised funds. The company stated that the repurchase will not impact its debt-paying ability or continued operations, and no major shareholders have indicated plans to reduce their holdings.