Longzhu Technology completes its first share repurchase, spending 2 million yuan to buy back 206.8k shares, accounting for 10.34% of the proposed repurchase limit.

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On April 7, Longzhu Technology Group Co., Ltd. (hereinafter referred to as “Longzhu Technology”) issued an announcement on the first share repurchase and progress, stating that it completed its first share repurchase on April 3, with a total of 206.8k shares repurchased, accounting for 10.34% of the maximum planned repurchase amount, with nearly 2 million yuan paid. This repurchase is an important measure for the company to respond to policies and maintain stock price stability, and will continue to be promoted within a three-month period.

Overview of the Repurchase Plan

Longzhu Technology held the 28th meeting of the 4th Board of Directors on March 26, 2026, which approved the share repurchase plan. According to the announcement, the company plans to use its own funds and a dedicated stock repurchase loan provided by the Industrial and Commercial Bank of China, Nanping Branch, to repurchase A-shares through centralized bidding transactions, to maintain company value and shareholder interests.

The plan indicates that the repurchase price will not exceed 16 yuan per share, with a total fund range of 16 million to 32 million yuan, and the implementation period will not exceed three months from the date of board approval. If the repurchase reaches the upper limit or the board decides to terminate, the repurchase will end early; during major event disclosures and other special periods, the company will suspend repurchase operations.

Progress of the First Repurchase

The announcement disclosed that April 3 was the date of the company’s first share repurchase. As of that day, the company had repurchased a total of 206,754 shares through a dedicated securities account via continuous bidding, with details as follows:

The announcement emphasizes that the implementation of this repurchase is consistent with the previously disclosed plan. The company stated it will strictly follow relevant regulations and the repurchase plan, and continue to promote the repurchase within the specified period, with subsequent progress disclosed in a timely manner.

Longzhu Technology pointed out that this repurchase aims to respond to the decisions and deployments of the Party Central Committee and the State Council, as well as the policies of financial regulatory authorities regarding stock repurchase, increased holdings, and re-lending. By stabilizing stock prices and boosting investor confidence, it aims to effectively protect shareholders’ interests. Market analysis suggests that the steady progress of this repurchase plan will send a positive signal to the secondary market.

Disclaimer: The market carries 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 any discrepancies. If you have questions, contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express