Zhuzhou CRRC Times Electric Co., Ltd. (Times Electric) has reduced its issued H-share capital after cancelling 10.25 million shares that had been repurchased between 10 February and 6 May 2026. The cancellation, completed on 12 May 2026, lowered the company’s outstanding H shares to 478.80 million from 489.04 million, a 2.10% contraction.

The firm continues to buy back stock under the shareholder mandate granted on 27 June 2025, which authorises repurchases of up to 48.90 million shares. As of 12 May 2026, Times Electric has repurchased 13.69 million shares under this mandate, representing 2.80% of the share base at the mandate date.

Latest on-market activity occurred on 12 May 2026, when 345,900 shares were repurchased at prices ranging from HKD 37.16 to HKD 37.96, for a total consideration of HKD 13.04 million. These shares, along with earlier purchases, remain pending cancellation:

• 7 May 2026: 1.22 million shares at an average HKD 37.52 • 8 May 2026: 0.76 million shares at an average HKD 37.31 • 11 May 2026: 1.13 million shares at an average HKD 37.53 • 12 May 2026: 0.35 million shares at an average HKD 37.69

In total, 3.45 million shares acquired between 7 and 12 May 2026—equivalent to 0.72% of the current issued share capital—are awaiting cancellation.

Under Hong Kong listing rules, the company is restricted from issuing new shares for 30 days following the latest repurchase, setting a moratorium period until 11 June 2026.

No treasury shares are held after the cancellations; all repurchased shares are being retired, directly reducing Times Electric’s share count.