TIMES ELECTRIC (03898) has announced the completion of its share cancellation. During the period from February 10, 2026, to May 6, 2026, the company conducted a series of repurchases of its H shares on the Stock Exchange. As of May 6, 2026, the company had repurchased a total of 10.2456 million H shares. This represents approximately 0.7545% of the company's total issued share capital and about 2.0950% of the total issued H shares as of the date of shareholder approval for the buyback. The total funds used for these repurchases amounted to HKD 365 million, excluding transaction costs.

The H shares repurchased between February 10, 2026, and May 6, 2026, were formally cancelled on May 12, 2026. Consequently, the total number of the company's issued shares has been reduced by 10.2456 million. The new total stands at approximately 1.3477 billion issued shares, which consists of approximately 869 million A shares and approximately 479 million H shares.