China Merchants Property completes share repurchase, reduces capital

China Merchants Property Operation & Service Co., Ltd. announced the completion of its share repurchase program, which ran from December 10, 2024, to November 27, 2025. The company repurchased 6,626,202 shares through centralized bidding, representing 0.62% of its total share capital. The total amount paid for the repurchase was CNY 78,010,168.98, with transaction prices ranging from a high of CNY 12.14 per share to a low of CNY 10.44 per share.

The repurchased shares will be cancelled, reducing the company's registered capital. This action aligns with the initial plan approved by shareholders, where the repurchased shares were intended solely for cancellation. The company confirmed that the implementation of the repurchase program adhered to all specified terms regarding quantity, price, total capital, and execution period.

The company stated that the repurchase would not materially impact its operations, profitability, finances, or future development, nor would it alter its control structure or public company status. Following the cancellation of shares, the total share capital will decrease from 1,060,346,060 shares to 1,053,719,858 shares.