Jiahua Energy announces share repurchase plan progress

Zhejiang Jiahua Energy Chemical Industry (SSE:600273) announced an update on its share repurchase program. Approved at the shareholder meeting on April 30, 2025, the plan authorized the company to repurchase shares worth between CNY 40,000 and CNY 60,000 via centralized bidding. The repurchase price is capped at CNY 11.82 per share, adjusted from the initial CNY 12.01 following the 2024 profit distribution. As of May 30, 2025, Jiahua Energy has not yet commenced the repurchase, with zero shares repurchased and zero CNY spent. The company stated that it will make repurchase decisions within the approved period and disclose progress accordingly.