<div id="readability-page-1"><div>CIMC ENRIC (03899.HK) +0.360 (+4.147%) Short selling $8.83M; Ratio 11.813% last reported at HKD9.08 this morning (1st), up 4.61%, with 2.5946 million shares traded, involving HKD22.759 million.Citi said in a research report that CIMC ENRIC (03899.HK) +0.360 (+4.147%) Short selling $8.83M; Ratio 11.813% submitted its latest share repurchase disclosure on May 29, confirming that it will continue to execute the board-approved buyback mandate to repurchase no more than 1.5% of its total issued shares (or no more than 31.7 million shares), involving an amount of no more than HKD200 million. The broker noted that this buyback plan is significantly larger than the combined total of the four most recent share repurchases since March 2026, which in aggregate involved 1.29 million shares for HKD13 million. Citi believes the continued repurchase activities signal managements strong confidence in CIMC ENRICs intrinsic value and represent a meaningful capital return mechanism for shareholders.Citi added that since March 2026, CIMC ENRIC has repurchased its issued shares four times. On March 26, it bought 0.3 million shares at HKD10.51 to HKD10.56 per share; on April 30, it bought 0.15 million shares at HKD10.44 to HKD10.51 per share; on May 15, it repurchased 4.4 million shares at HKD9.86 to HKD9.96 per share; and on May 18, it bought another 0.4 million shares at HKD9.73 to HKD9.84 per share. In these four repurchases, CIMC ENRIC bought back a total of 1.29 million shares, involving HKD13 million. The broker maintained its Buy rating with a TP of HKD12.5 unchanged. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)</div></div>

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CIMC ENRICshares rose over 4% following news of a buyback plan worth up to HKD200 million. Citi highlighted this as a strong signal of management's confidence in the company's intrinsic value, noting the new mandate exceeds recent repurchase totals. The broker maintained its Buy rating with a target price of HKD12.5.

CIMC ENRIC Up Over 4% Plans Buyback Up to HKD200M; Citi: Positive Signal of Management Confidence in Intrinsic Value