Zhongfu Straits Pingtan announces share repurchase progress

Zhongfu Straits Pingtan Development announced that it has repurchased 37,776,600 of its own shares through centralized bidding on the Shenzhen Stock Exchange as of April 30, 2025, representing 1.9555% of the company's total share capital. The highest transaction price was CNY2.51 per share, and the lowest was CNY1.30 per share, with a total transaction amount of CNY56,191,215 (excluding related transaction fees). This repurchase aligns with the previously announced share repurchase plan approved on June 27, 2024, which aims to use between CNY8,000 and CNY16,000 of the company's own funds to buy back shares for the purpose of safeguarding company value and shareholder interests, as well as for future employee stock ownership or equity incentive plans. The maximum repurchase price is CNY2.52 per share. The company cautioned investors about potential risks, including the possibility of the stock price exceeding the repurchase price limit.