Longsys Buys Back 1.25 Million A-Shares for RMB 448 Million
Longsys repurchased 1.2495 million A-shares on September 8, 2026, its first buyback, at a total cost of RMB 448 million, representing 0.29% of its total A-share capital. The buyback price ranged from RMB 353.52 to RMB 365.38 per share. The company also listed 29.98945 million H-shares on the Hong Kong Stock Exchange the same day.
Longsys conducted its first share repurchase on September 8, 2026, buying back 1.2495 million A-shares through a dedicated securities account using centralized competitive bidding. The repurchased shares represent 0.29% of the company's total A-share capital. The highest execution price was RMB 365.38 per share, the lowest was RMB 353.52 per share, and the total transaction value amounted to RMB 448 million, excluding transaction fees.
According to the previously disclosed repurchase plan, the company intends to use its own funds or self-raised capital to repurchase shares through centralized competitive bidding, for the purpose of equity incentives or an employee stock ownership plan. The total repurchase funds are set at no less than RMB 400 million and no more than RMB 800 million, with a maximum repurchase price of RMB 735 per share.
On the same day, the company's 29.98945 million H-shares (before exercise of the over-allotment option) were listed and began trading on the Main Board of the Hong Kong Stock Exchange.