Desay SV Automotive completes share repurchase plan

Huizhou Desay Sv Automotive (SZSE:002920) announced the completion of its share repurchase plan, initiated following board approval on April 15, 2025. The company repurchased 5,980,773 A-shares via centralized bidding, representing 1.08% of the total share capital, for a total cost of CNY 599,775,916.02 (excluding transaction fees). The highest transaction price was CNY 102.38 per share, and the lowest was CNY 97.83 per share. The repurchased shares will be used for an equity incentive plan or employee stock ownership plan. The repurchase activities occurred between April 17 and April 23, 2025, in compliance with relevant regulations and the company's repurchase plan. The announcement confirms that the repurchase aligns with the previously disclosed plan, and the company's financial condition and operations remain stable, with no expected material impact from the buyback.