Quzhou Development's first repurchase of company shares involves 1.4129 million shares, with a transaction amount exceeding 5 million yuan

LightningPacketLoss · 2026-03-16T12:25:28+00:00

Quzhou Development carried out its first share repurchase on March 10, repurchasing 1.4129 million shares, representing 0.0166% of total share capital, with a transaction amount of 5.0017 million yuan. The company plans to repurchase a total amount of no less than 100 million yuan within 3 months, at a price not exceeding 5.68 yuan per share, aiming to maintain company value and shareholder interests.

LightningPacketLoss

2026-03-16 12:25:28

Abstract generation in progress

Shanghai Securities News China Securities Network News: On March 11, Quzhou Development announced the progress of its share repurchase. The company conducted its first share repurchase on March 10, accumulating 1.4129 million shares through centralized bidding transactions, accounting for 0.0166% of the company’s total share capital. The transaction amount was 5.0017 million yuan, with a repurchase price range of 3.53 yuan/share to 3.54 yuan/share.

The announcement shows that on March 6, 2026, the company held the 23rd meeting of the 12th Board of Directors, during which the “Share Repurchase Plan via Centralized Bidding” was approved. According to the plan, the company intends to repurchase shares through centralized bidding, with a total repurchase fund of no less than 100 million yuan (inclusive) and no more than 200 million yuan (inclusive). The repurchase price will not exceed 5.68 yuan/share, and the repurchase period is within three months from the date the Board approves the plan. The company stated that the purpose of this share repurchase is to maintain the company’s value and protect shareholders’ interests.

The company also stated that it will strictly follow relevant regulations, implement repurchases based on market conditions within the repurchase period, and promptly fulfill information disclosure obligations as the progress of the repurchase unfolds. (Decisive and swift)

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