Chint Electrics ends subsidiary spin-off, continues share buyback

Zhejiang Chint Electrics Co., Ltd. announced the termination of the spin-off and listing of its subsidiary, Chint Anneng Digital Energy (Zhejiang) Co., Ltd., on the Shanghai Stock Exchange Main Board. The decision to terminate, made after assessing market conditions and discussions with relevant parties, led to the withdrawal of the listing application. The company received notification from the Shanghai Stock Exchange on September 1, 2025, regarding the termination of the review process. This termination is not expected to have a material adverse impact on Chint Electrics' operations, financial condition, or overall strategic plan.

In a separate announcement, Chint Electrics provided an update on its share repurchase program. As of the end of August 2025, the company had cumulatively repurchased 17.4140 million shares, representing 0.81% of its total share capital. The total amount paid for these repurchases reached 399.9155 million yuan (excluding transaction fees), with prices ranging from 22.15 yuan/share to 23.67 yuan/share.

The repurchases are intended for employee stock ownership plans or equity incentives, aligning with the company's previously approved plan initiated on April 15, 2025. The buyback period extends until April 14, 2026, with an estimated total value between 270 million yuan and 540 million yuan.