Chint Electric initiates share repurchase program

Zhejiang Chint Electric (SSE:601877) has begun its share repurchase program, as approved by its board on April 15, 2025. The company is utilizing its own or self-raised funds for the repurchase, intended to fund an employee stock ownership plan. The repurchase price will not exceed CNY35.56 per share. As of May 7, 2025, the company repurchased 2,245,900 shares, representing 0.10% of the company’s total share capital. The highest transaction price was CNY22.60 per share, and the lowest was CNY22.24 per share, with total expenditure amounting to CNY50,356,383.32 (excluding transaction costs). The repurchase program, initially proposed by the controlling shareholder on April 16, 2025, will span a period of no more than 12 months.