GLMS SEC (01456.HK): A-Share Buyback Completed, 12.7 Million Shares for RMB 110.27 Million

NewTimeSpace News: On 10 November 2026, GLMS Securities Co., Ltd. (stock code: 01456) published an overseas regulatory announcement under Rule 13.10B, reproducing its Shanghai Stock Exchange announcement on the results of its A-share buyback by way of centralised bidding and the resulting share changes. As at 9 November 2026, the Company had completed the buyback, having repurchased 12.70 million A shares representing 0.22% of total share capital, for a total of RMB 110.2728 million excluding transaction costs.

The announcement disclosed that the buyback plan was approved by the seventh meeting of the sixth board on 10 August 2026 and first disclosed on 11 August 2026, with a funding range of RMB 100 million to RMB 200 million, a price cap of RMB 13.00 per share, a term of no more than three months from board approval and a purpose of safeguarding company value and shareholder interests. The shares were bought at between RMB 8.28 and RMB 8.90, at an average of RMB 8.68; the first purchase was made on 31 August 2026 and the buyback was completed on 9 November 2026. The Company said actual execution did not differ from the disclosed plan.

The Company stated that, during the buyback period, controlling shareholder Wuxi Guolian Development (Group) Co., Ltd. planned to increase its A-share holding by RMB 80 million to below RMB 100 million through centralised bidding or other permitted methods, citing long-term value of the domestic capital market and its increase undertaking; as at 9 November 2026, Guolian Group had accumulated 4.8 million A shares, or 0.08% of total share capital. Apart from this, no director, senior manager, controlling shareholder or actual controller traded the shares during the period.

The Company stated that total shares stood at 5,680,592,806 before and after the buyback, comprising 5,237,952,806 A shares (92.21%) and 442,640,000 H shares (7.79%); the buyback account holding rose from nil to 12,700,000 shares, or 0.22%. All repurchased shares are held in the buyback account and will be cancelled after due procedures if not sold within three years of the announcement. The Company said the buyback will not materially affect operations, finances or future development, will not change control, and leaves the share distribution compliant with listing conditions.