Gelonghui, April 16, 丨 Times Electric (03898.HK) announced that from January 11, 2024 to January 17, 2024, the company carried out a series of repurchases of its H shares on the Stock Exchange. As of the announcement date, the company has repurchased a total of 4,696,800 H shares, accounting for 0.33% of the total issued share capital and 0.86% of the total number of H shares issued on the date the company's H share repurchase authorization was approved by the company's shareholders' meeting and class shareholders' meeting. The total amount of funds used was HK$98,558,789.24 (excluding transaction fees).
The H shares repurchased by these companies were cancelled on April 16, 2024. As a result, the number of issued shares of the company will be reduced by 4,696,800 shares to 1,411,540,112 shares (including 542,632,600 H shares and 868,907,512 A shares).