Kangyuan Pharmaceutical repurchased 584,100 shares for the first time on July 16 through the Shanghai Stock Exchange via centralized bidding. This accounts for 0.1032% of the company's current total share capital. The highest purchase price was 13.75 yuan per share, and the lowest was 13.24 yuan per share. The total amount paid was approximately 7.8776 million yuan, excluding transaction fees. This buyback is part of a previously disclosed repurchase plan, which aims for a total repurchase amount of no less than 100 million yuan and no more than 200 million yuan, with a repurchase price not exceeding 20.9 yuan per share. All repurchased shares will be cancelled upon completion of the buyback.
Jiangsu Kanion Pharmaceutical Co LtdCompany repurchases shares as part of a buyback plan, which typically signals confidence and supports share price.