Zhenhua Heavy Industries commences A-share buyback program

Shanghai Zhenhua Heavy Industries (SSE:600320) has initiated its A-share buyback program, repurchasing 4,000,000 shares as of September 8, 2025. This initial buyback represents 0.0759% of the company's total share capital. The shares were acquired at prices ranging from RMB4.42 to RMB4.44 per share, with a total expenditure of RMB17,717,407 (excluding transaction fees).

The company's board and shareholders approved the buyback plan on April 27, 2025, and May 28, 2025, respectively. The program, which commenced on May 28, 2025, is expected to run until May 27, 2026, and aims to repurchase shares valued between RMB50,000,000 and RMB100,000,000. These shares will be cancelled to reduce the company's registered capital.

Following a 2024 annual equity distribution, the maximum repurchase price per share was adjusted from RMB6.93 to RMB6.88. The company states that the current buyback aligns with relevant laws and regulations and the approved share repurchase plan.