Sany Heavy Energy announced that on July 8, the company repurchased 684,900 shares for the first time through centralized competitive bidding, accounting for 0.0430% of its total share capital of 1.593 billion shares. The highest repurchase price was 13.95 yuan per share and the lowest was 13.80 yuan per share, with a total payment of approximately 9.502 million yuan. According to the buyback plan previously approved by the board of directors, the company intends to use its own funds of no less than 100 million yuan and no more than 200 million yuan to repurchase shares at a price not exceeding 22.07 yuan per share, for employee stock ownership plans or equity incentives. The repurchase period is within 12 months from the date of board approval. The company stated that it will carry out further repurchases based on market conditions.
Sany Heavy Energy Co. Ltd. ACompany announced share buyback plan and executed first repurchase, signaling confidence and supporting share price.