FAW Jiefang completes restricted stock repurchase and cancellation

FAW Jiefang Group Co., Ltd. (SZSE:000800) announced the completion of the repurchase and cancellation of restricted shares. The action involved 30 incentive recipients and a total of 1,090,201 shares, representing 0.0221% of the company’s total share capital prior to the repurchase. The company has completed the necessary procedures with China Securities Depository and Clearing Corporation Limited Shenzhen Branch. As a result, FAW Jiefang's total share capital has decreased from 4,922,371,176 shares to 4,921,280,975 shares. The repurchase was attributed to unachieved performance targets for the third vesting period of the reserved grant and the departure of one employee. The repurchase price was set at CNY 5.58 per share. The total funds used for the repurchase amounted to CNY 6,100,333.87 (including interest).