Sungrow Power advances share repurchase program

Sungrow Power Supply (SZSE:300274) announced progress in its share repurchase program, initiated following board approval on April 9, 2025. The company repurchased 5,255,103 shares via centralized competitive bidding through a dedicated securities account as of April 30, 2025, representing 0.2535% of the total share capital. The repurchase price ranged from CNY 55.81 to CNY 58.94 per share, with a total expenditure of CNY 300,023,059.07, including transaction costs. The company intends to use the repurchased shares for employee stock ownership or equity incentive plans and will continue to implement the repurchase program within the permitted timeframe and in accordance with regulations.