Huafu Fashion First Sale of Repurchased Shares from 2023 Period, Single Day Transaction of 4.6114 Million Shares for 20.9154 Million Yuan

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

On March 18, 2026, Huafu Fashion Co., Ltd. (hereinafter referred to as “Huafu Fashion”) announced that on March 17, the company sold its 2023 repurchased shares for the first time through centralized bidding trading. This sale involved 4.6114 million shares, accounting for 0.27% of the company’s total share capital, with total proceeds of 20.9154 million yuan (excluding transaction fees), marking the official start of the company’s previously disclosed share repurchase sale plan.

Overview of the 2023 Share Repurchase

Huafu Fashion launched its share repurchase plan in March 2023. According to the announcement, the company’s 8th Board of Directors’ first extraordinary meeting in 2023 approved the repurchase plan, which proposed using self-owned funds to repurchase A-shares via centralized bidding to maintain company value and shareholder interests, with subsequent sale in accordance with regulations. The funding scale for this repurchase plan was no less than 100 million yuan and no more than 200 million yuan, with a repurchase price not exceeding 4.60 yuan per share. The implementation period was within three months from the date of board approval.

In June 2023, the company completed this repurchase. The actual repurchase period was from March 20 to June 16, 2023, with the highest transaction price of 3.28 yuan per share, the lowest of 3.12 yuan per share, and an average repurchase price of 3.20 yuan per share, totaling 100.128 million yuan (excluding transaction fees).

Details of the First Sale: Average Price of 4.54 Yuan/Share, Daily Transaction Exceeds 20 Million Yuan

According to the announcement, Huafu Fashion carried out its first sale of repurchased shares on March 17, 2026. The sale was conducted via centralized bidding trading, with the specific transaction data as follows:

This sale complies with the company’s disclosed plan in February 2026. According to previous announcements, the company intends to sell the repurchased shares from March 16 to June 19, 2026, via centralized bidding, with a planned sale of no more than 31.2753 million shares (1.84% of the company’s current total share capital), with the sale price determined by secondary market prices.

Risk Warning: Sale Plan Contains Uncertainties

Huafu Fashion warned in the announcement that there are uncertainties in the implementation of this repurchased share sale plan. The company will decide whether to continue selling shares based on market conditions, stock price fluctuations, and other factors. Therefore, there is uncertainty regarding the timing, quantity, and price of the sale, and it may not be possible to complete the entire sale as planned.

The company stated that it will strictly follow the “Guidelines for Self-Regulatory Supervision of Listed Companies No. 9—Repurchase of Shares” and other relevant regulations, and will fulfill information disclosure obligations in a timely manner during the sale period. Investors are advised to exercise caution and be aware of related risks.

(Source: Huafu Fashion Co., Ltd. Announcement)

Disclaimer: The market carries risks; investments should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information in this article 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>>