Sangfor Technologies nears RMB 20m in share repurchases

Sangfor Technologies Co., Ltd. announced the progress of its share repurchase program, which commenced following approval on January 15, 2025. As of September 30, 2025, the company has cumulatively repurchased 364,900 shares through centralized bidding transactions via a dedicated securities account. This represents 0.09% of the company's current total share capital.

The repurchases were executed at a highest transaction price of RMB 55.00 per share and a lowest transaction price of RMB 54.22 per share. The total transaction amount, excluding trading fees, reached RMB 19,938,676.00. The company's board approved a total repurchase amount of no less than RMB 100 million and no more than RMB 200 million, with a maximum price of RMB 80 per share.

The repurchase program is intended to support an employee stock ownership plan or equity incentive plan, with a duration not exceeding 12 months from the date of approval. Sangfor Technologies will continue to implement the repurchase plan as market conditions allow and will adhere to disclosure requirements. Investors are cautioned to be aware of potential risks, including the possibility that the repurchase plan may not be fully implemented if share prices consistently exceed the maximum repurchase price.