Zhuzhou CRRC Times Electric (03898) Announces Share Repurchase and Issued Shares Update

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Zhuzhou CRRC Times Electric Co., Ltd. (03898) disclosed that as of 23 February 2026, its total issued share capital remained at 489.04 million shares. Recent share repurchases occurred on 10, 11, 20, and 23 February 2026, amounting to a combined 191,500 shares, all intended for cancellation but not yet cancelled.

On 23 February 2026 alone, 4,300 shares were repurchased on the Stock Exchange at prices ranging from HKD 43.14 to HKD 43.62, for a total cost of HKD 186,761.90. Under the company’s repurchase mandate dated 27 June 2025, it is authorized to repurchase up to 48.90 million shares (equivalent to 10% of its issued share capital at the time the resolution was passed). The repurchases so far represent approximately 0.0392% of its issued share capital as of that resolution date.

No changes to the total number of issued shares have been recorded, and all repurchase activities have reportedly complied with the relevant regulations. The moratorium period on new share issuances or sales of treasury shares related to these buybacks extends until 25 March 2026.

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