CATL Has Repurchased 1.5 Billion Yuan
CATL Announces Progress in Share Buyback Program
On January 2nd, CATL announced progress in its share buyback program. The company has repurchased a total of 9,086,912 shares through concentrated auction trading mode, accounting for 0.2066% of the company's total share capital as of December 31st, 2023. The highest transaction price was 181.16 yuan per share, the lowest was 146.31 yuan per share, and the total transaction amount was 1.50326 billion yuan (excluding transaction fees).
It is reported that CATL's board of directors had approved the "Proposal on Share Repurchase" in a meeting on October 30th, 2023. The company agreed to use its own funds to repurchase some of its shares through a concentrated auction trading mode for the implementation of a stock option incentive plan or employee stock ownership plan. The total amount of funds used for the repurchase is estimated to be between 2 to 3 billion yuan, with a maximum repurchase price of 294.45 yuan per share, and the repurchase period is within 12 months from the approval date of the share repurchase proposal.
The progress in CATL's share buyback program demonstrates its confidence in its own development prospects and long-term investment value. CATL's share buyback program can increase shareholder value, enhance market confidence, and promote the stable operation of the capital market.
As a leading lithium-ion battery manufacturer, CATL is committed to promoting the development of new energy vehicles and energy storage systems. Its advanced technology, reliable quality, and excellent after-sales service have won recognition from customers at home and abroad. CATL has also established strategic partnerships with well-known international automobile manufacturers, such as BMW, Volkswagen, and Tesla, to jointly promote the energy transition and sustainable development of the global industry.
Looking ahead, CATL will continue to adhere to the development concept of "green innovation, energy conservation, and environmental protection," and accelerate the pace of innovation to create more value for customers, shareholders, and society. CATL's share repurchase program is a positive signal that the company is committed to building a sustainable and prosperous future.
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