Shandong Hualu Hengsheng Co., Ltd. Share Repurchase Progress: Spent 200 million yuan; cumulative repurchases of 7.8459 million shares

Log in to Sina Finance APP and search for [Information Disclosure] to see more evaluation levels

Shandong Hualu Hengsheng Chemical Co., Ltd. (hereinafter referred to as “Hualu Hengsheng”) disclosed the progress of share repurchase on April 3, 2026. As of March 31, 2026, the company had repurchased a total of 7.85M shares, accounting for 0.37% of the total share capital, with a total expenditure of 200.09M yuan, reaching the minimum amount required in the repurchase plan.

Background of the Repurchase Plan

According to the announcement, Hualu Hengsheng’s share repurchase plan was proposed by the chairman on April 18, 2025, and approved at the Ninth Board of Directors’ 2025 Second Extraordinary Meeting on April 17, 2025, and at the 2024 Annual General Meeting on April 29, 2025. The plan specifies that the company intends to use its own funds or raised funds to repurchase shares from April 30, 2025, to April 29, 2026, with a repurchase amount between 200 million yuan and 300 million yuan. The initial cap for the repurchase price is set at 32.38 yuan per share. All repurchased shares will be canceled and used to reduce registered capital.

Progress of the Repurchase Implementation

As of March 31, 2026, the company’s repurchase implementation is as follows:

The announcement states that the above repurchase operations comply with laws, regulations, and the company’s repurchase plan requirements. The transaction price range is between 20.75 yuan/share and 39.34 yuan/share, with a total payment of 200.09M yuan (excluding transaction fees), exceeding the minimum amount of 200 million yuan specified in the plan.

Adjustment of Price Cap

It is worth noting that to ensure the smooth implementation of the repurchase plan, Hualu Hengsheng held the Ninth Board of Directors’ 2026 First Extraordinary Meeting on March 9, 2026, to review and approve the adjustment of the repurchase price cap. After adjustment, the cap was raised from 32.38 yuan/share to 56.22 yuan/share, which does not exceed 150% of the average stock price over the 30 trading days prior to the adjustment. Aside from the price cap, other aspects of the repurchase plan remain unchanged.

Follow-up Arrangements

The company states that it will carry out repurchases as market conditions permit within the repurchase period (until April 29, 2026), and will fulfill information disclosure obligations in a timely manner according to the “Rules for Share Repurchase by Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 7—Share Repurchase,” and other regulations. Investors should be aware of related investment risks.

After the completion of this repurchase, the company’s total share capital will decrease accordingly, which will help improve earnings per share and optimize shareholder returns.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. Any information appearing herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have questions, contact biz@staff.sina.com.cn.

Click to view the original announcement>>

Massive information, precise interpretation, all on Sina Finance APP

Editor: Xiao Lang Express