Huafa Industrial Zhuhai repurchases 1% of shares for employee plan

Huafa Industrial Zhuhai has successfully repurchased 27.82m shares, representing 1.01% of its total share capital, as part of a program initiated on October 29, 2024. The total value of the repurchased shares reached 141,660,447.20 yuan, with transaction prices ranging from 4.78 yuan per share to 5.83 yuan per share.

The company's board approved the repurchase plan on October 29, 2024, with a total value between 300m yuan and 600m yuan. The repurchase period is set for 12 months, concluding on October 28, 2025. The repurchase aims to support an employee stock ownership plan or equity incentive scheme.

Initially, the maximum repurchase price was capped at 9.83 yuan per share. However, due to rights distributions in 2024 and 2025, this limit was adjusted twice, first to 9.73 yuan per share on May 26, 2025, and subsequently to 9.71 yuan per share on September 11, 2025.