WuXi AppTec (02359) plans to repurchase its A shares in 2025 for the second time through centralized competitive bidding trading.

WuXi AppTec (02359) announced that the company previously disclosed on March 18, 2025 the "Proposal for the Repurchase of A Shares by Centralized Trading in 2025" (Announcement No. 2025-017) and the repurchase plan under this proposal (referred to as the "2025 First Repurchase Plan") still needs to be submitted to the shareholders' meeting for approval. Considering the recent fluctuation in the company's stock price, in order to actively maintain the company's value and shareholder rights, the company held its twentieth meeting of the third board of directors on April 8, 2025 to approve the "Proposal for the Second Repurchase of Company A Shares by Centralized Trading in 2025", agreeing to repurchase company A shares through centralized trading to maintain the company's value and shareholder rights, and then cancel them all (referred to as the "Current Repurchase Plan"). The Current Repurchase Plan will not affect the ongoing approval and independent implementation of the 2025 First Repurchase Plan. The total amount of funds for the Current Repurchase is 1 billion RMB. The repurchase price of the Current Repurchase shares shall not exceed 97.24 RMB per share (inclusive), which is no more than 150% of the average trading price of the company's stock in the 30 trading days before the board of directors' approval of the Current Repurchase Plan. The term for the repurchase of the Current Repurchase shares shall not exceed 3 months from the date of approval by the board of directors (but subject to the authorization period of the company's general authorization for A-share repurchases).