South Asia New Materials: has reduced holdings of 500,000 shares for share buyback. The transaction amount is 131 million yuan.

South Asia New Materials announced that the company repurchased a total of 7.8664 million shares from February to April 2024. On June 13, 2026, the company disclosed a reduction plan, proposing to reduce no more than 2.3518 million repurchased shares within three months after 15 trading days, accounting for no more than 1% of the total share capital. As of the announcement date, the company has sold 500,000 repurchased shares for the first time, accounting for 0.21% of the total share capital, with an average transaction price of 262.79 yuan/share and a transaction amount of 131 million yuan. This reduction will not have a significant impact on the company's operations, but there may be situations where the reduction cannot be completed as planned.