Zhongheng Group announced that it intends to use its own funds or self-raised funds to repurchase part of the company's A-shares through centralized bidding. The total repurchase amount will be no less than 100 million yuan and no more than 200 million yuan, with a repurchase price not exceeding 3.04 yuan per share. Based on this price ceiling, the estimated number of shares to be repurchased is between 32.8947 million and 65.7895 million shares, accounting for approximately 1.03% to 2.07% of the company's total share capital. This repurchase plan was reviewed and approved at the 44th meeting of the company's 10th board of directors on July 6, 2026, and at the third extraordinary shareholders' meeting of 2026 on July 24. The repurchase period shall not exceed six months from the date of approval by the shareholders' meeting, and all repurchased shares will be used for cancellation and reduction of the company's registered capital. The company stated that, based on confidence in future sustainable development and recognition of intrinsic value, and given that the current share price can no longer truly reflect the company's investment value, it has decided to implement this repurchase in order to effectively safeguard the company's value and the legitimate rights and interests of investors, enhance long-term investment value, and strengthen investor confidence.
Guangxi Wuzhou Zhongheng Group Co LtdCompany announces share repurchase and cancellation plan, signaling confidence and support for stock price.
