China Merchants Expressway completes share repurchase program

China Merchants Expressway Network & Technology Holdings announced the completion of its share repurchase program as of October 22, 2025. The company repurchased 25,242,402 A-share ordinary shares, representing 0.37010% of its total share capital. The repurchases were executed via centralized bidding, with transaction prices ranging from RMB 10.12 to RMB 13.40 per share.

The total amount paid for the repurchase was RMB 310,009,184.90 (excluding stamp duty, commissions, and other transaction fees). This amount falls within the approved range of not less than RMB 310,000,000 and not more than RMB 618,000,000, satisfying the program’s financial criteria. The repurchased shares will be canceled, reducing the company's registered capital.

The company affirmed that the repurchase aligns with the original board and shareholder approvals, and it will not adversely affect business operations, profitability, or financial health. Furthermore, no company insiders, controlling shareholders, or their affiliates traded company stock during the repurchase period.