Star De Sheng Technology (Suzhou) Co., Ltd. Share Repurchase Progress: A total of 255k shares repurchased, amounting to 6.4M yuan

MaticHoleFiller · 2026-04-08T00:13:57+00:00

Star De Sheng Technology announced the progress of its share repurchase on April 1, 2026, showing that by March 31, 2026, it had repurchased 255k shares, amounting to 6.4026 million yuan. The repurchase plan was approved in August 2025, with a total amount between 15 million and 30 million yuan. The company will continue to implement the repurchase in accordance with regulations and remind investors to be aware of risks.

MaticHoleFiller

2026-04-08 00:13:57

Abstract generation in progress

Xingdesheng Technology (Suzhou) Co., Ltd. (hereinafter referred to as “Xingdesheng Technology”) released an announcement on April 1, 2026 regarding progress in its share repurchase. The company disclosed the latest developments since the implementation of its share repurchase plan. The announcement shows that, as of March 31, 2026, the company has cumulatively repurchased 255k shares, accounting for 0.1311% of the total share capital, and the cumulative repurchase amount reached RMB 6.4026 million.

Basic information on the repurchase plan

According to the announcement, on August 28, 2025, Xingdesheng Technology convened the 10th meeting of the second session of its board of directors, which approved the “Proposal on Repurchasing Shares by Means of Centralized Competitive Trading.” Under the plan, the company intends to use its own funds to repurchase shares from the secondary market through centralized competitive trading, to be used for an employee share ownership plan or equity incentives. The total repurchase funding amount is in the range of RMB 15 million to RMB 30 million. The repurchase share price will not exceed RMB 39 per share. The repurchase period is 12 months from the date when the board reviews and approves the proposal, i.e., from August 28, 2025 to August 27, 2026.

First disclosure date of the repurchase plan
2025/8/30, proposed by the board of directors
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Repurchase implementation period
2025/8/28~2026/8/27
Estimated repurchase amount
15M元~30M元
Purpose of the repurchase
□ Reduce registered capital √ For employee share ownership plan or equity incentives □ For converting the company’s convertible bonds □ For maintaining the company’s value and the rights and interests of shareholders
Cumulative number of shares repurchased
255k股
Cumulative number of shares repurchased as a percentage of total share capital
0.1311%
Cumulative repurchase amount
6.4M元
Actual repurchase price range
24.29元/股~27.86元/股

Latest progress on the repurchase

The announcement states that in March 2026, the company repurchased 55k shares through centralized competitive trading, accounting for 0.0283% of the company’s total share capital. The highest transaction price for the shares repurchased during the month was RMB 27.86 per share, and the lowest was RMB 25.43 per share. The total amount paid was RMB 1.4765 million (excluding transaction fees, commissions, and other transaction-related expenses).

As of March 31, 2026, the company has cumulatively repurchased 255k shares, representing 0.1311% of the total share capital. The purchase highest price was RMB 27.86 per share and the lowest was RMB 24.29 per share. The cumulative amount paid is RMB 6.4026 million (excluding transaction commissions and other transaction-related expenses). The announcement emphasizes that the above share repurchases comply with relevant laws and regulations and the requirements of the company’s share repurchase plan.

Next arrangements

Xingdesheng Technology states that the company will strictly follow the relevant provisions such as the “Rules for Share Repurchases by Listed Companies” and the “Self-Regulatory Guidelines No. 7 for Listed Companies of the Shanghai Stock Exchange—Share Repurchases,” and within the repurchase period, will implement the repurchase in a timely manner based on market conditions, while promptly fulfilling its information disclosure obligations. Investors may pay attention to the company’s subsequent announcements and watch for investment risks.

Statement: There are risks in the market; invest prudently. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s position. Any information appearing in this article is for reference only and does not constitute personal investment advice. In case of any discrepancies, please refer to the actual announcements. If you have any questions, please contact biz@staff.sina.com.cn.

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