Meihua Holdings group completes share repurchase and capital reduction

Meihua Holdings Group has successfully completed its share repurchase plan, buying back 48,547,100 shares at a total cost of CNY 492,017,000 (excluding transaction fees). The repurchase price ranged from CNY 9.10 to CNY 10.97 per share, with an average price of CNY 10.13 per share. These repurchased shares represent 1.70% of the company's total share capital and are intended for cancellation to reduce registered capital.

The company's board of directors and shareholders approved the plan, which aimed to acquire shares worth between CNY 300,000,000 and CNY 500,000,000, with a price cap of CNY 12 per share, later adjusted to CNY 11.398 per share due to equity distributions. The buyback period ran from October 11, 2024, to October 10, 2025.

Following the cancellation of the repurchased shares, Meihua Holdings Group's total share capital will decrease from 2,852,788,750 shares to 2,804,241,650 shares. This will result in slight increases in the proportional holdings of major shareholders, including controlling shareholder Meng Qingshan and his concerted parties, from 33.34% to 33.92%. The company confirms no related parties traded its stock during the repurchase period and no creditor objections were received regarding the share cancellation.