Jiangling Motors announces first share repurchase

Jiangling Motors Co., Ltd. (SZSE:000550) announced its first share repurchase on April 17, 2025, following the approval of its board of directors. The company repurchased 325,200 A-shares on April 16, 2025, representing 0.0377% of the total share capital. The repurchase was executed through a dedicated securities account using a centralized competitive bidding method. The prices ranged from CNY 19.00 to CNY 19.40 per share, with a total transaction value of CNY 6,248,797 (excluding transaction costs). This repurchase is part of a larger plan, with funds not less than CNY 1.5 billion and no more than CNY 2 billion to be allocated for the program, with the purchase price capped at CNY 22.00 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The company stated that the repurchase complies with relevant laws and regulations and the established repurchase plan. Jiangling Motors will continue to implement the repurchase plan within the approved timeframe, disclosing information as required.