China Jushi plans share buyback for employee incentive scheme

China Jushi announced a share repurchase plan via centralized bidding, aiming to buy back 30 million to 40 million shares (0.75%-1.00% of total capital) at a maximum price of 22 yuan per share. The repurchased shares, totaling up to 88 million yuan, will primarily fund the company's equity incentive plan for employees, reflecting confidence in its stable future development. The buyback period is set for 12 months following shareholder approval, utilizing the company's own and borrowed funds.

The board of directors approved this proposal on September 24, 2025, and it will be presented for shareholder approval at the Fourth Interim Shareholders' Meeting of 2025 on October 21, 2025. This meeting will take place in Tongxiang City, Zhejiang Province, and will offer both on-site and online voting options.

The company stated that no directors, supervisors, senior management, or controlling shareholders have sold shares in the past six months, nor do they have plans to reduce their holdings in the next six months. The repurchase program is not expected to significantly impact the company's operations, finances, or listing status.