Jinli Permanent Magnet (06680) spent about HK$11.6924 million to buy back 800,000 H shares on November 4

According to the Zhitong Finance App, Jinli Permanent Magnet (06680) issued an announcement. On November 4, 2026, the Company repurchased 800,000 H shares of the Company in an open market transaction (H share repurchase), accounting for about 0.06% of the total number of issued shares of the Company. The total transaction amount for H shares repurchase (excluding commissions and other expenses) was approximately HK$116.924 million, and the average transaction price was approximately HK$14.6155 per H share. The Company will take the opportunity to cancel the repurchased H shares and reduce the registered capital accordingly. As of the date of this announcement, in accordance with a special resolution granting general authorization for the board of directors to repurchase shares passed on April 28, 2026, the Company has repurchased a total of 4.336,800 H shares, with a total consideration of approximately HK$687.467 million.

The board of directors believes that the current transaction price of H shares does not reflect the intrinsic value of H shares and the actual business prospects of the company. The board of directors believes that the repurchase of H shares in the current market situation will show the company's confidence in its own business outlook and prospects, and will ultimately benefit the company and create value for the company's shareholders (shareholders). H share repurchases are carried out when the board of directors deems appropriate and in line with the overall interests of the Company and shareholders. The Company may further repurchase shares in due course in accordance with all applicable laws and regulations.