Sanwei Holdings completes share repurchase plan

** Zhejiang Sanwei Rubber Item (SSE:603033) announced the completion of its share repurchase program. Between March 5, 2024, and March 4, 2025, the company repurchased 19,044,335 shares, representing 1.847% of its total share capital. The shares were acquired at prices ranging from CNY 10.66 to CNY 14.80 per share, totaling CNY 262.68 million (excluding transaction costs). The repurchased shares are intended for employee stock ownership plans or equity incentives. The repurchase was funded through a combination of the company's own funds and special loan for stock repurchase and increase holdings. The move will not significantly alter the company's ownership structure or affect its listing status.