Chint Electric announces share repurchase progress

Zhejiang Chint Electrics (SSE:601877) announced the progress of its share repurchase program through centralized bidding, initially proposed by the controlling shareholder on April 16, 2025. The repurchase plan, aimed at employee stock ownership or equity incentives and maintaining shareholder value, began on April 15, 2025, and will continue until April 14, 2026. As of the end of June 2025, the company has cumulatively repurchased 8.7407 million shares, representing 0.41% of the total share capital, for a total consideration of CNY 19,719,270,000 (excluding transaction fees), with prices ranging from CNY 22.15 to CNY 22.89 per share. The company intends to repurchase shares worth between CNY 270,000,000 and CNY 540,000,000. Chint Electric will continue to execute the repurchase plan based on market conditions and in compliance with regulations.