Zhongxin Shares announced on the evening of August 4 that the company completed its first share buyback that day through the Shanghai Stock Exchange trading system via centralized bidding. The number of shares repurchased was 77,700, accounting for 0.05% of the company's total share capital. The highest repurchase price was 49.18 yuan per share, and the lowest was 47.17 yuan per share, with a total payment of 3.73 million yuan. This buyback is part of the company's previously disclosed repurchase plan, which intends to use no less than 30 million yuan and no more than 50 million yuan, with a repurchase price not exceeding 75.46 yuan per share. The repurchase period shall not exceed 12 months from the date of approval by the board of directors, and the repurchased shares will be used for equity incentives. The company subsequently adjusted the source of funds for the buyback on July 21, clarifying that they will come from its own funds and self-raised funds.
ZX PACKING ORD A (SHH) EQSW Exp:Company completed first tranche of its buyback plan, signaling capital return to shareholders.