TBEA: Xinjiang Honglian extends the repurchase date for 45.8 million shares pledged until 2027

2026-03-29 18:20:51

TBEA announced that Xinjiang Honglian holds 330 million shares, accounting for 6.54% of the company’s total share capital as of December 31, 2025; the buyback date for the 45.8 million shares pledged on March 21, 2024, has been extended from March 20, 2026, to March 19, 2027, with the pledgee being GF Securities. After the extension, the total pledged shares amount to 45.8 million, accounting for 13.86% of their holdings and 0.91% of the company’s total share capital, with the pledged funds used for debt repayment.

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