Zho3 Ju4 Gao1 Xin1 share repurchase ratio reaches 1.04% with 149 million yuan spent

MaticHoleFiller

2026-03-23 17:55:00

Abstract generation in progress

China Torch High-tech Industrial (Group) Co., Ltd. (hereinafter referred to as “China Torch High-tech”) announced on March 23, 2026, the progress of its share repurchase. As of that day, the company had repurchased a total of 8.1022 million shares, accounting for 1.0407% of the total share capital, with a total expenditure of 149 million yuan. The purpose of this repurchase plan is to reduce the company’s registered capital. Nearly half of the planned repurchase amount has already been completed.

Basic Information of the Repurchase Plan

According to the announcement, China Torch High-tech’s share repurchase plan was proposed and disclosed by the Board of Directors as early as December 31, 2025. After being approved at a temporary shareholders’ meeting on January 19, 2026, it was officially implemented. The implementation period is from January 19, 2026, to January 18, 2027, totaling 12 months. Under the plan, the company intends to use its own funds and bank stock repurchase special loans to buy back shares at a price not exceeding 26 yuan per share, with a repurchase amount ranging from 300 million to 600 million yuan. All repurchased shares will be canceled to reduce registered capital.

Progress of the Repurchase

As of March 23, 2026, China Torch High-tech had repurchased a total of 8.1022 million shares through centralized bidding, representing 1.0407% of the company’s total share capital. The transaction prices ranged from 17.66 yuan per share to 18.90 yuan per share, with a total payment of 148.8602 million yuan (excluding transaction fees), accounting for approximately 49.6% of the lower limit of the planned repurchase amount of 300 million yuan.

First Disclosure Date of Repurchase Plan
2025/12/31, proposed by the Board of Directors
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Implementation Period of the Repurchase Plan
January 19, 2026 – January 18, 2027
Estimated Repurchase Amount
300 million – 600 million yuan
Purpose of Repurchase
√ Reduce registered capital □ For employee stock ownership plans or equity incentives □ For conversion of company convertible bonds □ To maintain company value and shareholders’ rights and interests
Total Shares Repurchased
8.1022 million shares
Percentage of Total Share Capital
1.0407%
Total Repurchase Amount
148.8602 million yuan
Actual Price Range of Repurchase
17.66 yuan/share – 18.90 yuan/share

Next Steps

China Torch High-tech stated that the company will strictly follow the “Rules for Share Repurchase of Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 7—Share Repurchase,” and other relevant regulations. During the repurchase period, the company will implement repurchases based on market conditions and will fulfill information disclosure obligations in a timely manner. The announcement also reminds investors to pay attention to investment risks.

This repurchase reflects China Torch High-tech’s confidence in the company’s future development and is an important measure to optimize capital structure by reducing registered capital. Market analysis suggests that completing repurchases within the current price range can help improve earnings per share and protect shareholders’ rights and interests.

Disclaimer: The market involves risks; investments should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have any questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao

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