Weifu High-Tech executes first share repurchase

Weifu High-Technology Group (SZSE:000581) announced its first repurchase of company shares on May 28, 2025. The company repurchased 626,000 A-shares, representing 0.06% of the total share capital. The highest transaction price was CNY 19.97 per share, and the lowest was CNY 19.83 per share. The total transaction amount was CNY 12,462,976 (excluding transaction costs). This repurchase aligns with the previously approved plan which allows the company to repurchase shares up to a total amount between CNY 100 million and CNY 150 million, with an upper price limit of CNY 35 per share. The company stated that the repurchase activities comply with relevant regulations and that it will continue to fulfill its information disclosure obligations.