Zhongfu Straits Pingtan progresses in share repurchase program

Zhongfu Straits Pingtan Development (SZSE:000592) announced progress in its share repurchase program, initially approved on June 27, 2024. As of May 31, 2025, the company has cumulatively repurchased 37,776,600 shares, representing 1.9555% of the company's total share capital. The share buybacks were executed through centralized competitive trading on the Shenzhen Stock Exchange. The highest transaction price was CNY 2.51 per share, and the lowest was CNY 1.30 per share, with the total transaction amount reaching CNY 56,191,215 (excluding related transaction expenses). The repurchases align with the company's previously disclosed repurchase plan, which aims to utilize between CNY 8,000,000 and CNY 16,000,000 of its own funds to maintain company value, protect shareholder interests, and facilitate future employee stock ownership or equity incentive plans. The company will continue to disclose repurchase updates monthly.