CCTC Plans New Share Buyback Worth 500 Million to 1 Billion Yuan

Stock News
Jul 30

CCTC (06951) has announced that its previous share repurchase plan has been fully completed as of the disclosure date. Through a dedicated securities account, the company executed a total of 8.5473 million A-share buybacks via centralized bidding, with an aggregate transaction value of approximately 895 million yuan, excluding transaction fees. This process adhered to the company's repurchase plan and all relevant legal requirements.

Driven by a strong belief in the company's intrinsic value and its future growth prospects, CCTC aims to bolster investor confidence in long-term value and enhance investment trust. Additionally, to further improve its long-term incentive mechanisms and actively engage employees, the company, after considering its financial and operational status, plans to allocate between 500 million yuan and 1 billion yuan from its own funds or self-raised resources. This will be used for a new round of A-share buybacks via centralized bidding, with the repurchase price capped at 135 yuan per share, inclusive.

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