Huafa Industrial repurchases RMB 120m shares for staff incentives

Huafa Industrial Zhuhai has repurchased 23.77 million shares worth RMB 119.8 million as of July 31, representing 0.864% of total share capital.

The repurchased shares will be used for employee stock ownership plans and equity incentives. In July alone, the company bought back 12.27 million shares for RMB 60.2 million at prices between RMB 4.78 and RMB 5.10 per share.

The repurchase program runs until October 28, 2025.