Sinotrans Limited (“Sinotrans”) has formally notified creditors that its board of directors now holds a general mandate—approved on 29 May 2026 by the 2025 annual general meeting and the first 2026 class meetings of H- and A-shareholders—to repurchase up to 10% of the company’s issued H shares.
The mandate permits the board to execute on-market or off-market H-share buybacks in line with Hong Kong Listing Rules, the company’s Articles of Association and applicable laws. The authority will lapse upon (i) the conclusion of the next annual general meeting, (ii) the end of the 12-month period following the 29 May 2026 approval date, or (iii) any earlier revocation or variation by shareholder resolution.
Repurchased H shares may be retained as treasury stock or cancelled. Cancellation would reduce Sinotrans’ registered capital, triggering statutory creditor-protection procedures. In accordance with the Company Law of the People’s Republic of China, creditors may demand repayment or request appropriate guarantees.
Key creditor arrangements:
• Claim period: – Within 30 days of receiving Sinotrans’ written notice, or – Within 45 days of this announcement’s publication if no notice is received.
• Required documentation: original and copy of contracts or other proof of debt; business licence and legal representative ID for corporate claimants; personal ID for individual claimants; notarised power of attorney and proxy ID for authorised representatives.
• Submission methods: – Mail: Office of the Board of Directors, China Merchants Plaza Tower B, Building 10, No. 5 Anding Road, Chaoyang District, Beijing 100029, China. The postmark date applies. – Email: ir@sinotrans.com. The receipt timestamp applies. All correspondence should be marked “Claim for Creditor’s Rights”.
Sinotrans confirms that creditors who do not lodge claims within the specified period will be deemed to have waived their right to demand early repayment or additional guarantees; existing obligations will continue to be honoured under original terms.
The company’s board currently comprises Chairman Zhang Yi, Gao Xiang, Yang Guofeng, Luo Li, Yu Zhiliang, Huang Chuanjing, Jerry Hsu, Gong Weiguo, and independent non-executive directors Wang Xiaoli, Ning Yaping, Cui Xinjian and Cui Fan.