Mingyang Electric's buyback plan progress: Not yet implemented as of the end of March, with a buyback quota of 15 million to 25 million yuan pending use.

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On April 2nd, Shenzhen Mingyang Circuit Technology Co., Ltd. (hereinafter referred to as “Mingyang Circuit”) released an announcement on the progress of share repurchase, disclosing that as of March 31, 2026, the company has not yet implemented the share repurchase. According to the previously disclosed repurchase plan, the company intends to use between 15 million and 25 million yuan to repurchase shares for equity incentives or employee stock ownership plans, with the repurchase period expiring on May 14, 2026.

Review of the Repurchase Plan

The announcement shows that Mingyang Circuit held the fourth meeting of the fourth board of directors on May 14, 2025, during which the share repurchase plan was approved. According to the plan, the company intends to use no less than 15 million yuan (including this amount) and no more than 25 million yuan (including this amount) of its own funds or raised funds to repurchase some of its shares through centralized bidding transactions, with a maximum price of 18.16 yuan per share (including).

Due to the implementation of the 2024 annual equity distribution, the company announced an adjustment to the maximum repurchase price on May 27, 2025. Starting from May 30, 2025, the maximum repurchase price was adjusted from 18.16 yuan per share to 18.03 yuan per share (including). The purpose of the repurchased shares is for equity incentives or employee stock ownership plans, and the repurchase period is within 12 months from the date the board approves this repurchase plan, i.e., until May 14, 2026.

Latest Progress: Not yet implemented as of the end of March

According to the “Rules for Share Repurchase by Listed Companies” and other relevant regulations, listed companies are required to disclose the progress of their repurchase within the first three trading days of each month during the repurchase period, based on the previous month’s end. Mingyang Circuit clearly states in this announcement that as of March 31, 2026, the company has not yet repurchased any shares.

The reason for not yet implementing the repurchase has not been specifically explained in the announcement; it only states that the company will “select an appropriate time to implement this repurchase plan within the repurchase period based on market conditions.”

Follow-up Arrangements

Mingyang Circuit stated that the company will continue to proceed with the repurchase in accordance with the repurchase plan and relevant laws and regulations, considering market conditions, within the remaining repurchase period (i.e., before May 14, 2026), and will fulfill information disclosure obligations in a timely manner.

Market analysts pointed out that share repurchases by listed companies are generally seen as a sign of confidence in the company’s future development. Whether Mingyang Circuit will implement the repurchase and the pace of implementation may have a certain impact on the company’s stock price. Investors should pay attention to the company’s subsequent announcements and make rational judgments about investment risks.

The board of directors of Shenzhen Mingyang Circuit Technology Co., Ltd. emphasizes that the company and all directors guarantee that the information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express