Zhenhua Heavy Industries announces share buyback, capital reduction

Shanghai Zhenhua Heavy Industries (SSE:600320) announced its plan to reduce registered capital by canceling shares repurchased through its buyback program. This program was approved at board and shareholder meetings in April and May 2025, respectively. The company will allocate between CNY 50 million and CNY 100 million for this purpose. The buyback price is capped at CNY 6.93 per share. Creditors are notified to claim their rights within 30 days of receiving the notice or 45 days of the announcement date, by providing relevant documentation and proof of debt to the company.