Zhongtong Bus completes significant share repurchase in August

Zhongtong Bus Holding Co., Ltd. has disclosed the progress of its share repurchase program as of August 31, 2025. The company repurchased 6,521,000 shares through centralized competitive bidding, representing 1.1% of its current total share capital.

The shares were repurchased at a maximum price of RMB 11 per share and a minimum price of RMB 10.49 per share. The total transaction amount for these repurchases reached RMB 69,986,694.00, excluding transaction fees. This aligns with the company's previously approved repurchase plan.

The share repurchase program, approved by the board on April 24, 2025, aims to utilize company funds to repurchase shares for equity incentives or employee stock ownership plans. The total capital for the buyback is set between RMB 100 million and RMB 200 million, with a maximum repurchase price of RMB 15 per share. The implementation period is within 12 months from the board's approval date. The company affirmed its commitment to continue implementing the plan within the designated period, adhering to relevant laws and regulations.