CIMC Group subsidiary acquires residential units, boosts H-share buyback

China International Marine Containers (Group) Co., Ltd. announced that its wholly-owned subsidiary, Shenzhen CIMC Innovation Industrial Development Co., Ltd., will acquire 188 residential units for RMB 293,201,100. This related party transaction aims to meet housing needs of employees in Dongguan and retain core talent. The property's market value was assessed at RMB 371,864,800, with the transaction price reflecting a 20% discount for large-scale purchases.

Concurrently, the board approved an expansion of the company's H-share buyback program, committing an additional HK$300,000,000. This follows an initial buyback of 60,491,200 H-shares for HK$450,518,048. The buyback aims to enhance shareholder value and investor confidence, with repurchased shares to be held as treasury stock for potential use in employee incentive plans or conversions.

CIMC Group also updated its ongoing related party transactions with Shenzhen Finance Leasing (Group) Co., Ltd., forecasting sales and procurement transaction limits for 2026-2028. Additionally, the company projected future related party transaction limits with CIMC Xinde Leasing (Shenzhen) Co., Ltd., with total sales estimated at RMB 900,000,000 and procurement at RMB 100,000,000.