Zhuzhou CRRC Times Electric (03898) Reports Share Repurchase and Issued Share Status

Bulletin Express
02/20

Zhuzhou CRRC Times Electric Co., Ltd. (stock code: 03898) released a Next Day Disclosure Return as of February 20, 2026, showing that its total number of issued ordinary H shares remains at 489.04 million. The company recorded no immediate cancellations, but repurchases made for cancellation on multiple dates were disclosed.

On February 10, 2026, 109,700 shares were repurchased at an average price of HKD 42.73. On February 11, 66,500 shares were repurchased at an average price of HKD 43.60. On February 20, an additional 11,000 shares were repurchased at an average price of HKD 42.71. These repurchased shares have not yet been cancelled. Meanwhile, a separate on-market transaction on February 20 saw 11,000 shares repurchased at prices ranging between HKD 42.52 and HKD 43.02, resulting in total consideration of HKD 469,810.

The repurchase mandate, approved on June 27, 2025, authorized the company to repurchase up to 48.90 million shares. To date, 187,200 shares (0.04% of the issued share capital at the time of the mandate) have been repurchased under this authorization, and the repurchase-related moratorium period extends to March 22, 2026.

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