Sieyuan Electric announces share repurchase plan of up to CNY 500m

Sieyuan Electric has announced a plan to repurchase its A-shares, with the intention of canceling them to reduce registered capital. The company intends to spend between CNY 300 million and CNY 500 million for the repurchase, using its own funds. The repurchase price will not exceed CNY 109.45 per share. If the minimum repurchase amount is met, Sieyuan Electric estimates it will buy back at least 2,740,977 shares, representing approximately 0.35% of the company's current total share capital. If the maximum repurchase amount is reached, it is estimated that at least 4,568,296 shares will be repurchased, representing approximately 0.58% of the total share capital. The repurchase period will last for 12 months from the date the shareholder meeting approves the plan. The plan was approved at the company’s board meeting on May 15, 2025, and at the shareholder meeting on June 13, 2025.