Huafu Fashion Sells 2023 Buyback Shares Accounting for 1% of Total Share Capital, Cumulatively Cashing Out 77 Million Yuan

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2026-03-20, Huafu Fashion Co., Ltd. (hereinafter referred to as “Huafu Fashion”) announced that as of March 19, 2026, the company has sold a total of 17,006,800 shares of its 2023 repurchased shares through centralized bidding, accounting for 1% of the company’s total share capital, with total proceeds of 77.0081 million yuan (excluding transaction fees).

Basic Information on Share Repurchase

Reviewing the announcement, Huafu Fashion initiated its share repurchase plan in March 2023. On March 17, 2023, the company’s eighth board of directors’ first extraordinary meeting approved the repurchase plan, proposing to use its own funds to repurchase A-shares through centralized bidding to maintain company value and shareholder rights, with subsequent sale in accordance with regulations. The total amount of this repurchase plan is not less than 100 million yuan and not more than 200 million yuan, with a repurchase price not exceeding 4.60 yuan per share. The implementation period is within three months from the date of board approval.

According to the announcement disclosed on June 20, 2023, the actual minimum transaction price for the repurchased shares was 3.12 yuan per share, with an average repurchase price of 3.20 yuan per share, and a total transaction amount of 100.128 million yuan (excluding transaction fees).

Sale Plan and Progress

On February 11, 2026, Huafu Fashion’s ninth board of directors approved the sale plan, agreeing to sell the repurchased shares of 2023 through centralized bidding starting 15 trading days after the announcement (i.e., March 16, 2026). The sale will be carried out from March 16, 2026, to June 19, 2026. The number of shares to be sold will not exceed 31,275,300 shares, accounting for 1.84% of the company’s current total share capital. The sale price will be determined based on the secondary market price.

The announcement shows that the company first sold repurchased shares on March 17, 2026, selling 4.6114 million shares, accounting for 0.27% of the total share capital, with proceeds of 20.9154 million yuan. The highest transaction price was 4.58 yuan per share, and the lowest was 4.50 yuan per share, with an average price of 4.54 yuan per share.

As of March 19, 2026, the company has cumulatively sold 17,006,800 shares of its repurchased shares, accounting for 1% of the total share capital, with proceeds of 77.0081 million yuan. During this period, the highest transaction price was 4.63 yuan per share, the lowest was 4.45 yuan per share, and the average transaction price was 4.53 yuan per share.

Price Comparison: Repurchase vs. Sale

Risk Reminder

Huafu Fashion reminds in its announcement that the implementation of this repurchase and sale plan involves uncertainties. The company will decide whether to continue based on market conditions and stock price fluctuations, and there may be situations where the sale cannot be completed as planned. The company states that it will strictly fulfill its information disclosure obligations in accordance with relevant regulations. Investors are advised to invest cautiously and be aware of risks.

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. Any 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 Kuaibao