CIMC begins A-share buyback program

China International Marine Containers (Group) Co., Ltd. (CIMC) has officially begun repurchasing its A-shares, following a resolution passed on September 29, 2025. The company announced its first buyback on October 9, 2025, acquiring 2,410,750 A-shares through centralized bidding. This initial repurchase represents 0.0447% of the company's total share capital as of the announcement date.

The highest price paid per share was RMB 8.37, while the lowest was RMB 8.25. The total capital expended for this initial buyback amounted to RMB 19,999,506, excluding transaction fees. These actions align with CIMC's previously approved plan to repurchase A-shares.

CIMC’s board had approved a buyback plan with a total value between RMB 300 million and RMB 500 million, at a maximum price of RMB 12.01 per share. The repurchased shares are primarily intended to protect company value and shareholder interests, with potential future uses including employee stock ownership plans or equity incentives. CIMC confirmed it will continue to disclose progress in accordance with regulatory requirements.