China CAMC Engineering announces share repurchase, governance revisions

China CAMC Engineering (SZSE:002051) announced a share repurchase program for its A-shares, with a total value of 50 million yuan to 100 million yuan. The repurchase price will not exceed 12.85 yuan per share, and the shares will be fully canceled to reduce the company's registered capital. This program is scheduled for approval at the second extraordinary general meeting of 2025 on October 29.

The board of directors, which met on October 13, 2025, unanimously approved the repurchase plan and proposed several revisions to the company's articles of association. These revisions aim to further improve corporate governance and align with regulatory requirements, including changes to the structure and responsibilities of the supervisory board and audit committee.

The proposed amendments to the articles of association, along with new rules for related-party transactions, fundraising management, and disclosure, will also be presented for shareholder approval at the upcoming extraordinary general meeting. These comprehensive changes reflect a commitment to transparency and robust corporate governance.