Zhongtong Bus repurchases shares for employee incentive plan

Zhongtong Bus Holding Co., Ltd. (SZSE:000957) announced the progress of its share repurchase program today. As of June 30, 2025, the company had repurchased 6,521,000 shares through a dedicated securities account via centralized competitive bidding. This represents 1.1% of the company's total share capital. The highest transaction price during the repurchase was CNY11 per share, and the lowest was CNY10.49 per share. The total expenditure for the repurchase amounted to CNY69,986,694.00, excluding transaction costs. This repurchase aligns with previously disclosed plans and relevant legal and regulatory requirements. The company intends to continue implementing the repurchase plan based on market conditions, within the approved timeframe. The repurchase program, approved on April 24, 2025, has a total budget between CNY100 million and CNY200 million, with a maximum repurchase price of CNY15 per share.