Tongda Electric plans to repurchase shares through centralized bidding, with a buyback amount of no less than 10 million yuan and no more than 20 million yuan. The maximum repurchase price is 15.84 yuan per share, and the company expects to buy back between 630,000 and 1.26 million shares, accounting for 0.18% to 0.36% of total share capital. The buyback period will not exceed 12 months from the date the board of directors approves the buyback plan. The repurchased shares will be used for employee stock ownership plans or equity incentives. In the first quarter of 2026, the company achieved revenue of 209 million yuan and a net profit attributable to the parent company of 63.86 million yuan.
Guangzhou Tongda Auto Electric Co LtdCompany announces share buyback plan for employee incentives, signaling confidence and supporting stock price.