Wuxi Xinjie Electric Co., Ltd. Share Repurchase Progress: Cumulative repurchase of 260.4k shares, totaling 12.67 million yuan, to be used for an employee stock ownership plan

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On April 2, 2026, Wuxi Xinjie Electrical Co., Ltd. (hereinafter referred to as “Xinjie Electrical”) issued an announcement on the progress of its share buyback, disclosing the buyback implementation status as of March 31, 2026. The announcement shows that the company has cumulatively repurchased 260.4k shares, accounting for 0.17% of the total share capital. The cumulative repurchase amount is RMB 12.6708 million. The repurchase price range is RMB 48.27 per share to RMB 49.26 per share. The funds will be used for an employee share ownership plan or equity incentives.

Background of the share repurchase plan

According to the information disclosed in the announcement, on March 23, 2026, Xinjie Electrical held the 14th meeting of the fifth session of the board of directors and approved the “Proposal on Repurchasing the Company’s Shares by Means of Centralized Competitive Trading,” and disclosed the repurchase plan on March 24. Under the plan, the company intends to repurchase shares by means of centralized competitive trading during the period from March 23, 2026 to March 22, 2027. The expected repurchase amount range is RMB 30 million to RMB 50 million. The declared use of the repurchased shares is “for an employee share ownership plan or equity incentives.”

Progress in implementing the repurchase

The announcement indicates that the company completed its first repurchase on March 26, 2026 through centralized competitive trading, repurchasing 112.9k shares. As of March 31, the cumulative number of shares repurchased has reached 260.4k shares, accounting for 0.17% of the company’s total share capital. The cumulative repurchase amount is RMB 12.6708 million, accounting for 42.24% of the lower bound of the expected repurchase amount (RMB 30 million).

Judging from the repurchase prices, the highest成交 price in this repurchase was RMB 49.26 per share, and the lowest price was RMB 48.27 per share. The price range is relatively concentrated, reflecting the company’s recognition of its shares at the current market price level.

Follow-up plans and risk notice

In the announcement, Xinjie Electrical stated that it will strictly comply with relevant regulations such as the “Rules for Share Repurchases by Listed Companies” and the “Guidelines No. 7 for Self-Regulation of Listed Companies on the Shanghai Stock Exchange—Share Repurchases,” and will repurchase shares opportunistically based on market conditions within the repurchase period, while promptly fulfilling its information disclosure obligations. The company also reminds investors to be mindful of investment risks.

The advancement of this repurchase plan reflects the company’s confidence in its long-term development. At the same time, through the employee share ownership plan or equity incentives, it is expected to further align the interests of the core team, thereby promoting the company’s ongoing stable development. The market will continue to monitor the company’s subsequent repurchase progress and the implementation of related incentive plans.

Disclaimer: There are risks in the market; invest with caution. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there are discrepancies, please refer to the actual announcements. If you have any questions, please contact biz@staff.sina.com.cn.

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