Strong Cash Boosts High Tech: STAR Market Companies Step Up Share Buybacks and Follow-on Offering

Shanghai Securities News, www.cnstock.com (Reporter He Xinyi) — On the evening of March 3, a number of companies listed on the Shanghai Stock Exchange (SSE) STAR Market announced share repurchases or follow-on offering plans. By stepping up buybacks to enhance investor returns and pursuing sustained financing to support long-term development, these companies are strengthening endogenous growth through diversified capital operations and reinforcing the foundation for high-quality development with solid financial commitments.

Among them, 19 companies announced progress on share repurchases. Montage Technology disclosed that it has cumulatively repurchased 1.662 million shares, accounting for 0.14% of its total share capital, with a total payment of RMB 220 million. Biokin Pharmaceutical also reported progress, having repurchased 533,900 shares, representing 0.13% of its total share capital, with a total payment of RMB 160 million.

Meanwhile, the application by Newway Photomask to issue A shares to specified investors has been accepted by the SSE. The company plans to raise no more than RMB 1.38 billion, primarily to expand production capacity for high-generation, high-precision photomasks. In addition, Sprint Precision Technologies announced plans to issue convertible bonds to raise up to RMB 750 million, which will be earmarked for the expansion of core metal components used in advanced semiconductor manufacturing processes and R&D projects aimed at the localization and development of related components.