China CAMC Engineering announces share repurchase, board member retires

China CAMC Engineering announced a share repurchase program, approved by its board on October 13, 2025, and scheduled for shareholder approval on October 29, 2025. The company will use its own funds and borrowed capital to repurchase A-shares through concentrated bidding, with all repurchased shares to be cancelled, reducing the company's registered capital. As of the equity registration date, October 22, 2025, China National Machinery Industry Corporation Limited remains the largest shareholder with 777,853,876 shares, representing 62.86% of the total share capital.

The company also announced the resignation of Wang Qiang from his positions as director, member of the board's audit committee, and member of the board's strategy committee, effective October 25, 2025. Wang's resignation is due to retirement. While his departure does not reduce the board below the statutory minimum, it will reduce the audit committee to fewer than three members. His resignation will take effect upon the company's appointment of a new audit committee member.

China CAMC Engineering will expedite the selection of a new audit committee member to ensure its normal operation. Wang does not hold any company shares and has no outstanding commitments. The company expressed gratitude for his contributions during his tenure.