Shanghai Longcheer Technology Co., Ltd. (Longcheer, SSE: 603341; HK: 09611) disclosed that it bought back 516,900 A-shares on 18 August 2026 via the Shanghai Stock Exchange.
• Transaction details – Repurchase volume: 516,900 shares – Price range: RMB 38.28 – RMB 39.20 per share – Volume-weighted average price: approximately RMB 38.69 per share – Cash outlay: RMB 20.00 million
• Capital structure impact – Issued shares (ex-treasury) fell to 463.37 million from 463.89 million, a reduction of 0.11%. – Treasury shares increased to 6.96 million, representing 1.48% of total share capital of 470.33 million shares. – Total shares in issue remained unchanged, as the repurchased stock is being held in treasury rather than cancelled.
• Purpose The shares were repurchased for the company’s stock incentive and/or employee stock ownership scheme, according to the filing.
The company confirmed that the repurchase was authorised by the board and executed in compliance with Shanghai Stock Exchange regulations and Hong Kong listing requirements.