On 29 November 2024, China Foreign Transport carried out a share buyback for the first time. The number of shares repurchased was 6,382,622 shares, representing 0.09% of the total share capital. The repurchase price range is $5.19 to $5.27 per share for a total amount of $33,566,642 (excluding transaction fees). This repurchase complies with the requirements of relevant laws and regulations and the Company's Repurchase Program.The Company held its General Meeting on November 15, 2024 and approved the repurchase of A shares in a centralized tender with a total capital of not less than $271 million and not more than $542 million and a repurchase price of not more than $7.43 per share. The repurchase period is within 12 months from the date of approval of the General Meeting. THE COMPANY...Show More

On 29 November 2024, China Foreign Transport carried out a share buyback for the first time. The number of shares repurchased was 6,382,622 shares, representing 0.09% of the total share capital. The repurchase price range is $5.19 to $5.27 per share for a total amount of $33,566,642 (excluding transaction fees). This repurchase complies with the requirements of relevant laws and regulations and the Company's Repurchase Program.The Company held its General Meeting on November 15, 2024 and approved the repurchase of A shares in a centralized tender with a total capital of not less than $271 million and not more than $542 million and a repurchase price of not more than $7.43 per share. The repurchase period is within 12 months from the date of approval of the General Meeting. THE COMPANY WILL MAKE REPURCHASE DECISIONS IN A TIMELY MANNER BASED ON MARKET CONDITIONS AND FULFILL ITS INFORMATION DISCLOSURE OBLIGATIONS.The Company reminds investors to be aware of investment risks and will strictly follow the relevant provisions such as the “Rules for Repurchase of Shares of Listed Companies” and “Guideline on Self-Regulation of Listed Companies No. 7” to ensure compliance and transparency of the repurchase process.