Zhejiang Haikong Nanke completes significant share buyback

Zhejiang Haikong Nanke Huawei Tie Digital Technology Co., Ltd. announced the completion of its share buyback program, repurchasing a total of 20,945,992 shares. This represents 1.05% of the company's total share capital, surpassing the previously estimated range of 0.63% to 0.95%. The total capital used for the buyback amounted to CNY 22,220.01 million, excluding transaction fees.

The buyback was executed at prices ranging from CNY 9.96 per share to CNY 11 per share, with an average price of CNY 10.61 per share. The company's board approved the buyback plan on May 13, 2025, with an initial budget of CNY 20,000 million to CNY 30,000 million and a price ceiling of CNY 15.95 per share.

All repurchased shares will be allocated for employee stock ownership plans or equity incentives. The company confirmed that the execution of the buyback plan aligns with the original disclosure, without any material impact on its operations, financials, or listing status. Directors, supervisors, senior management, controlling shareholders, and actual controllers did not trade company shares during the buyback period.