25, Sunshine Power announced that on September 22, 2023, the company implemented its first repurchase through a special securities account for share repurchase through centralized bidding transactions. The number of repurchased shares is 591,800 shares, accounting for 0.0398% of the Company's current total share capital. The highest transaction price was 84.80 yuan/share, the lowest transaction price was 84.03 yuan/share, and the total transaction amount was 49,912,244 yuan (excluding transaction costs). The repurchase is in compliance with the Company's share repurchase plan and relevant laws and regulations.
Previously, on September 12, Sunshine Power passed the Bill on the Share Repurchase Scheme at the third meeting of the Fifth Board of Directors, agreeing that the company should repurchase some of its public shares with its own funds for the later implementation of the employee stock ownership plan or the equity incentive plan. The repurchase price shall not exceed RMB 150.00 per share (inclusive), the total amount of repurchase shall not be less than RMB 500 million (inclusive) and shall not exceed RMB 1 billion (inclusive), and the specific number of shares repurchased shall be subject to the actual number of shares repurchased at the end of the repurchase.
On the same day, Jingke Technology and Daqo Energy also announced the progress of share repurchase. Up to now, the Company has repurchased a total of 8,183,187 shares of the Company through centralized competitive trading, accounting for 0.23% of the total share capital of the Company. The lowest transaction price is RMB3.64 per share, the highest transaction price is RMB3.69 per share, and the total amount paid is RMB30.076 million. In respect of Daqo Energy, the Company repurchased 363,747 shares of the Company for the first time through centralized competitive trading, with the repurchased shares accounting for 0.0170% of the total share capital of the Company. The lowest transaction price was RMB39.28 per share, the highest transaction price was RMB39.63 per share, and the total amount paid was RMB14.3721 million.
At the same time, Yuneng Technologies also announced that it would repurchase some of its shares through centralized bidding transactions, with the total amount of repurchase funds not less than 100 million yuan (including), not more than 200 million yuan (including), and the repurchase price not more than 220 yuan per share (including).
Since last year, the share price of photovoltaic enterprises has generally declined. Up to now, some enterprises have even been cut in half. This situation has intensified at the end of August this year. In order to stabilize the share price and enhance market confidence, photovoltaic enterprises have begun to announce the repurchase of shares. The amount also ranges from 50 million to 200 million, and the announcement of the repurchase progress is also a follow-up to the repurchase event at the end of August.
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