China Hongqiao Group Limited disclosed that on 23 March 2026 it repurchased 25.90 million ordinary shares on-market under its existing shareholder mandate, paying between HK$30.12 and HK$32.00 per share. The transaction totalled HK$808.05 million (excluding fees).

The cancelled shares equal approximately 0.26% of the company’s pre-repurchase issued share capital. Following cancellation, China Hongqiao’s outstanding shares will decline to 9.95 billion.

Post-cancellation, controlling shareholders are expected to hold 6.10 billion shares, or 61.26% of the reduced share count, while a company director will hold 8.87 million shares (0.09%). Public float will stand at about 38.65%, comfortably above the 15.04% minimum stipulated by the exchange’s previously granted waiver.

The board stated that the current market price understates the group’s intrinsic value and indicated it may pursue additional repurchases subject to market conditions, affirming confidence in China Hongqiao’s long-term strategic outlook.