CMOC Group Limited (03993) plans to spend RMB1 billion to RMB2 billion to repurchase A-shares.

CMOC Group Limited (03993) announced that, in order to safeguard the company's value and the rights and interests of its shareholders, enhance investor confidence, and based on confidence in the company's future development prospects and recognition of the value of the company's shares, and taking into account the company's operating conditions, financial position and development strategy, the company intends to use its own funds or self-raised funds to repurchase A-shares. The total amount of funds for the A-share repurchase is RMB1 billion (inclusive) to RMB2 billion (inclusive). The price of this A-share repurchase shall not exceed RMB22.78 per share (the A-share repurchase price), i.e., not more than 150% of the average A-share trading price over the 30 trading days preceding the board's resolution approving the A-share repurchase plan.