Nexteer Launches US$60 Million Share Repurchase Programme

Nexteer Automotive Group Ltd. has initiated its first share repurchase programme, allocating up to US$60 million. This move, approved by the Board of Directors, mirrors the company's robust liquidity and its commitment to long-term growth, alongside ongoing investment in business development.

This share repurchase is in addition to Nexteer's dividend strategy. In July 2026, the company distributed approximately US$46 million in dividends, which marked the highest dividend payout ratio in its history. The company emphasizes disciplined capital allocation, carefully balancing investment with enhancing shareholder returns.

Repurchases will occur on The Stock Exchange of Hong Kong Limited, as authorized by shareholders in June 2026. The programme will extend until the company's next annual general meeting, subject to market conditions and Board discretion. Caution is advised for those engaging in Nexteer securities.