Weifu High-Tech completes A-share repurchase, plans share cancellation

Weifu High-Technology Group (SZSE:000581) announced the completion of its A-share repurchase program, initiated on April 16, 2025, and approved by shareholders on May 9, 2025. The company repurchased 5,200,600 A-shares, representing 0.54% of its total share capital, at a total cost of CNY 100,005,328 (excluding transaction fees). Per share prices ranged from CNY 18.41 to CNY 19.97. The repurchased shares will be canceled, reducing the total share capital from 971,986,293 to 966,785,693 shares. The repurchase adhered to relevant regulations and the company's established plan, with no significant impact expected on the company's operations, finances, or control structure. The company's board confirmed that directors, supervisors, senior management, controlling shareholders, and their concert parties did not trade company stock during the repurchase period.