Guangzhou Baiyun Electric Appliance Co., Ltd. Buyback Progress: A total of 5.07M yuan spent to repurchase 371.5k shares for employee stock ownership and equity incentives

MaticHoleFiller · 2026-04-06T17:22:55+00:00

Guangzhou Baiyun Electric issued a buyback announcement, having repurchased 371.5k shares by March 31, 2026, accounting for 0.0687% of the total share capital, with a total expenditure of 371.5k yuan. The buyback was implemented in 2025, with an expected support of 10 million to 20 million yuan for the employee stock ownership plan, during which the price ceiling was adjusted to 19.63 yuan. The company emphasizes that buybacks carry market risks and investors should exercise caution.

MaticHoleFiller

2026-04-06 17:22:55

Abstract generation in progress

On April 2, Guangzhou Baiyun Electric Appliance Equipment Co., Ltd. (hereinafter referred to as “Baiyun Electric”) released an announcement on the progress of share repurchases, disclosing the implementation status of the share repurchase as of March 31, 2026. The announcement shows that the company has cumulatively repurchased 371.5k shares, accounting for 0.0687% of the total share capital, for a total expenditure of RMB 371.5k, and the repurchase price range was RMB 11.60 per share to RMB 15.15 per share.

Overview of the share repurchase plan

Baiyun Electric’s share repurchase plan was first proposed on August 1, 2025 by Chairman Mr. Hu Dezhao. It was reviewed and approved at the 19th meeting of the seventh session of the board of directors and the 17th meeting of the seventh session of the board of supervisors. Under the plan, the company intends to use its own funds and raised funds totaling RMB 10 million to RMB 20 million to repurchase shares through centralized competitive bidding, with the repurchase period from August 1, 2025 to July 31, 2026. All repurchased shares will be used for an employee share ownership plan or equity incentives.

First disclosure date of the share repurchase plan
2025/8/1, proposed by Chairman Mr. Hu Dezhao
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Repurchase implementation period
August 1, 2025 ~ July 31, 2026
Estimated repurchase amount
RMB 10 million ~ RMB 20 million
Purpose of the repurchase
For an employee share ownership plan or equity incentives
Cumulative repurchased shares
371.5k shares
Cumulative repurchased shares as a proportion of total share capital
0.0687%
Cumulative repurchase amount
RMB 5.07M
Actual repurchase price range
RMB 11.60/share ~ RMB 15.15/share

Details on the repurchase progress

The announcement shows that, as of March 31, 2026, Baiyun Electric has cumulatively repurchased 371.5k shares through the Shanghai Stock Exchange’s trading system by way of centralized competitive bidding, representing a proportion of 0.0687% of the company’s total share capital of 540,527,955 shares. During the repurchase transactions, the highest成交 price was RMB 15.15 per share, the lowest成交 price was RMB 11.60 per share, and the cumulative transaction amount was RMB 371.5k (excluding transaction fees). The company states that the above repurchase complies with laws and regulations including the 《Rules for Share Repurchase by Listed Companies》 and the 《No. 7 Self-Regulatory Guidance for Listed Companies on the Shanghai Stock Exchange——Share Repurchases》, and is consistent with the share repurchase plan.

Background on adjustments to the price cap

It is worth noting that during the repurchase period, the company adjusted the price cap twice. The first adjustment was due to the 2025 interim-year equity distribution: the repurchase price cap was adjusted from no more than RMB 14.70 per share to RMB 14.65 per share. The second adjustment, on January 27, 2026, was reviewed and approved at the 27th meeting of the seventh session of the board of directors. Since the company’s stock price continued to exceed the original repurchase price cap, to ensure the share repurchase plan could be carried out smoothly, the price cap was raised to RMB 19.63 per share, while other plan contents remained unchanged. The company said that the adjustment to the price cap is based on confidence in the company’s continued steady development in the future and recognition of the company’s value.

Future arrangements and risk warning

Baiyun Electric stated that it will, within the repurchase period, implement the repurchase when conditions are favorable based on market circumstances, and fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations. The company reminds investors that the share repurchase matter has uncertainties such as market volatility and prices exceeding expectations, and asks investors to pay attention to investment risks.

Statement: The market involves risk; investment requires caution. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s viewpoint. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there is any discrepancy, please refer to the actual announcement. If you have any questions, please contact biz@staff.sina.com.cn.

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