Guangdong Huiyun Titanium Industry

Guangdong Huiyun Titanium Industry Co., Ltd. announced on August 18, 2026 that it had received a loan commitment letter from the Foshan branch of China Merchants Bank, promising to provide a special stock repurchase loan of no more than 22 million yuan and no more than 90 percent of the actual repurchase amount, with a loan term of no more than three years, to be used exclusively for the company's stock repurchase. The company approved its second-phase repurchase plan on August 4, 2026, planning to use no less than 20 million yuan and no more than 30 million yuan of its own funds or self-raised funds to repurchase shares through centralized bidding, for the purpose of converting convertible bonds, with a repurchase period of 12 months. As of the announcement date, the company had not yet implemented any share repurchase. The company stated that this loan commitment does not represent a commitment to the repurchase amount, and the specific repurchase amount shall be subject to actual implementation.

Huiyun Titanium Industry announced that the company plans to use its own or self-raised funds to repurchase part of its A-shares through centralized bidding. The total repurchase amount will be no less than 20 million yuan and no more than 30 million yuan, with a repurchase price not exceeding 9.50 yuan per share. Based on the upper limit of the total repurchase amount and the upper limit of the repurchase price, it is estimated that the number of shares repurchased will be approximately 3.16 million shares, accounting for about 0.79 percent of the company's current total share capital. Based on the lower limit of the total repurchase amount and the upper limit of the repurchase price, it is estimated that the number of shares repurchased will be approximately 2.11 million shares, accounting for about 0.53 percent of the company's current total share capital. The implementation period for this repurchase is within 12 months from the date the board of directors approves the plan. The repurchased shares will be used for the conversion of convertible corporate bonds issued by the listed company. If they are not used for this purpose within 36 months after the completion of the repurchase, the unused portion will be cancelled. The company stated that this repurchase is based on recognition of its intrinsic value and firm confidence in its future development prospects, aiming to safeguard investor interests and guide long-term rational value investment.

Huiyun Titanium has issued a performance forecast, estimating that net profit attributable to shareholders of the listed company for the first half of 2026 will be between 6 million yuan and 8.8 million yuan, representing a year-on-year increase of 17.68% to 72.60%. The profit growth is mainly due to a recovery in titanium dioxide selling prices, a significant year-on-year rise in export revenue, and the company's ongoing efforts to reduce costs and improve efficiency. The company reported a net loss of 8 million yuan in the first quarter, implying an estimated second-quarter net profit of 14 million yuan to 16 million yuan, marking a turnaround from loss to profit on a quarter-on-quarter basis.