CIMC Group (02039) plans to continue to implement H share repurchases

Zhitong Finance App News, CIMC Group (02039) issued an announcement. In order to further boost investor confidence and comply with the policy direction of regulation to encourage repurchases, the board of directors of the company agreed to continue to implement H share repurchases in accordance with the general authorization for the 2026 H share repurchase and in accordance with the “Hong Kong Stock Exchange Limited Securities Listing Rules”, “China International Shipping Containers (Group) Co., Ltd. Articles of Association” and other applicable laws and regulations.

The main contents of this repurchase are as follows: (1) The purpose of this repurchase and subsequent processing: The repurchased shares will be used as necessary to maintain the company's value and shareholders' rights. The H shares repurchased this time will be held as treasury shares and disposed of in accordance with the “Hong Kong Listing Rules”, “Articles of Association” and the provisions of the 2026 H share repurchase general authorization, that is, the transfer or cancellation will be completed within 3 years after the repurchase is completed and the results of the repurchase are announced. In the future, according to the actual needs of the company, the repurchase of shares can also be used for employee stock ownership plans or equity incentives, or for the purpose of converting corporate bonds issued by the company that can be converted into shares, and corresponding approval procedures will be carried out. (2) Proposed repurchase amount and source of funds: no more than HK$173 million (inclusive) (that is, no more than the remaining repurchase funds). The source of funds is the company's own funds or funds that meet the requirements of laws and regulations. (3) Daily repurchase price limit: According to the requirements of the Hong Kong Listing Rules, the daily repurchase price for this H share repurchase is not higher than 5% or more of the average closing price of H shares in the 5 trading days before the repurchase date. The details will be determined according to market conditions. (4) Number of repurchases: The total number of H shares repurchased this time shall not exceed 10% of the total share capital of H shares issued by the company on the date the general authorization to repurchase H shares in 2026 (i.e. June 16, 2026) (excluding H shares treasured shares that have already been repurchased).