Poco Holding Co Ltd

Shenzhen Poco New Materials Co., Ltd. recently obtained a loan commitment letter issued by the Shenzhen branch of China Merchants Bank, agreeing to provide a special loan facility of no more than 180 million yuan for the company's share buyback project, with a loan term of 36 months, to be used exclusively for repurchasing shares of the listed company. The company held a board meeting on August 3, 2026, and approved the buyback plan, intending to use no less than 100 million yuan and no more than 200 million yuan of its own or self-raised funds to repurchase shares, for cancellation and reduction of registered capital, with a maximum buyback price of 122.69 yuan per share and a buyback period of 12 months.

POCO Magnetic stated on an investor interaction platform that its chip inductor business is currently operating normally, with very full orders and extremely high capacity utilization. The new Huizhou Phase I capacity has already been put into use, and the company is making every effort to boost deliveries.

POCO Holding announced that the company plans to repurchase shares through centralized bidding, with a total buyback amount of no less than 100 million yuan and no more than 200 million yuan, at a price not exceeding 122.69 yuan per share. The repurchased shares will all be cancelled to reduce registered capital, and the buyback period will be within 12 months from the date of approval by the shareholders' meeting.

A number of A-share companies have collectively disclosed their share buyback progress for July, with leading firms making sizable repurchases that stood out in the market. Baijiu leader Wuliangye bought back approximately 802 million yuan in July alone, bringing its cumulative buyback amount to about 1.002 billion yuan as of July 31. The company had earlier approved a plan to repurchase shares worth between 8 billion and 10 billion yuan within 12 months. Luxshare Precision had spent a total of about 1 billion yuan on its A-share buybacks by the end of July. Yonghe Shares completed its first buyback of roughly 8.1774 million yuan on the very first trading day after its shareholders' meeting approved a 150 million to 300 million yuan repurchase plan. In addition, Daqin Railway plans to buy back shares worth 400 million to 500 million yuan and cancel all of them to reduce registered capital. Sungrow Power intends to use 500 million to 1 billion yuan for share buybacks to fund employee stock ownership plans or equity incentives. Unilumin Group, PoCo Holding, Hongjing Technology, and Shenglan Technology also disclosed buyback plans ranging from tens of millions of yuan to 200 million yuan.

Bocom New Materials announced that the company plans to use its own funds or self-raised funds to repurchase some A-shares through centralized bidding. The total repurchase amount will be no less than 100 million yuan and no more than 200 million yuan, with a repurchase price not exceeding 122.69 yuan per share. All repurchased shares will be cancelled, reducing the registered capital accordingly. Based on the upper limit of the repurchase price, with the maximum repurchase amount of 200 million yuan, the estimated number of shares to be repurchased is about 1.63 million shares, accounting for approximately 0.40 percent of the company's current total share capital. With the minimum repurchase amount of 100 million yuan, the estimated number of shares to be repurchased is about 815,100 shares, accounting for approximately 0.20 percent of the company's current total share capital. The repurchase period is within 12 months from the date the company's shareholders' meeting approves the repurchase plan. The company stated that this repurchase is based on confidence in its future development prospects and recognition of the company's value, aiming to safeguard the interests of investors and enhance investor confidence.

Poco New Materials announced on July 8 that the company has submitted an application to the Hong Kong Stock Exchange for the issuance of overseas listed foreign shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange, and on the same day published the application materials for this issuance and listing on the Hong Kong Stock Exchange website.