Jiangling Motors announces share repurchase plan of up to CNY200m

Jiangling Motors Co., Ltd. announced a plan to repurchase its A-shares for a total amount ranging from CNY150 million to CNY200 million. The repurchased shares will be used for employee stock ownership or equity incentive plans, with any unused shares after 36 months being cancelled. The repurchase period will not exceed 12 months from the date of board approval, April 10-11, 2025, and the repurchase price will not exceed CNY22.00 per share. The company will use its own funds for the repurchase, executing the transactions through centralized bidding on the Shenzhen Stock Exchange. Jiangling Motors confirmed that none of its executives, major shareholders, or controlling persons intend to reduce their holdings in the near term. The company plans to implement the repurchase based on market conditions and will disclose progress in a timely manner.