Gelonghui reported on December 19 that TIMES ELECTRIC (03898.HK) announced that from December 12 to December 16, 2024, the company conducted a series of buybacks for its H Shares on the Stock Exchange. As of December 16, 2024, the company had repurchased a total of 4,887,300 H Shares, accounting for approximately 0.3462% of the company's total issued share capital on the date the buyback authorization was approved by the general and class shareholder meetings, and 0.9007% of the total issued H Shares. The total amount of funds utilized was HKD 151,685,358.33 (excluding transaction costs).
The H Shares repurchased by the company from December 12 to December 16, 2024, were canceled on December 19, 2024. Accordingly, the number of issued shares of the company will reduce by 4,887,300 to 1,406,652,812 shares (including 537,745,300 H Shares and 868,907,512 A Shares).
