BEIJING N STAR's Controlling Shareholder Completes Initial Phase of A-Share Buyback, Acquiring 26.34 Million Shares

Stock News

Jul 23

BEIJING N STAR (HKG: 00588) has announced a significant share purchase by its controlling shareholder.

The company's controlling shareholder, Beijing North Star Group, has acquired 26.34 million of the company's unrestricted A-shares through block trades on the Shanghai Stock Exchange.

This acquisition, which took place between October 14, 2025, and July 23, 2026, represents approximately 0.99% of the company's total A-share capital and 0.78% of its total issued share capital.

The total consideration for the share purchase amounted to approximately RMB 45.55 million, excluding transaction costs.

The company confirmed that this buyback initiative has now met the minimum threshold set out in the original plan.

However, the program is not yet fully completed.

Expressing confidence in the company's sustained and stable development and its intrinsic value, Beijing North Star Group has stated its intention to continue executing the buyback plan within the stipulated timeframe.

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