Daqin Railway: Plans to repurchase shares worth 1 billion to 1.5 billion yuan for cancellation

Daqin Railway announced that the company plans to repurchase shares through centralized bidding, with an amount ranging from 1 billion to 1.5 billion yuan, and the repurchase price not exceeding 8.19 yuan per share. The repurchase period is from September 23, 2025, to September 22, 2026. Based on this calculation, the repurchase quantity is approximately 122 million to 183 million shares, accounting for 0.61% to 0.91% of the total share capital. The repurchased shares will be fully canceled and the registered capital will be reduced. The funds will come from self-owned funds and will not have a significant impact on the company's operations. The company's directors, supervisors, and senior management, as well as major shareholders, have no plans to reduce their holdings in the next 3 to 6 months. In addition, there are various uncertainties and risks associated with this repurchase