Summary by Moomoo AI
LONGYUAN POWER GROUP CO., LTD. IMPLEMENTED AN H-SHARE REPURCHASE PROGRAM IN JANUARY 2024. IT REPURCHASED 11,812,000 SHARES OF H SHARES, REPRESENTING 0.3536% OF THE TOTAL NUMBER OF H-SHARES ISSUED, AND PAID A TOTAL AMOUNT OF APPROXIMATELY HK$5.988 MILLION (EXCLUDING COMMISSIONS). The maximum price of the repurchase was HK$5.90 per share and the lowest price was HK$4.37 per share. As of 31 January 2024, the Company has cumulatively repurchased 22,147,000 shares of H shares representing 0.6631% of the total number of H shares issued, for a total payment of approximately HK$1.21 billion (excluding commissions). The shares repurchased have not been repurchased. This move is in accordance with the established plan within the scope of the Company's General Meeting mandate. The Board of Directors will decide whether to proceed with the repurchase of H Shares in accordance with market conditions.