Hexing Electrical buyback nears completion, spending over 130m yuan

Hangzhou Hexing Power Technology Co., Ltd. (Hexing Electrical) has announced the latest progress in its share repurchase program through centralized bidding transactions. As of September 30, 2025, the company has cumulatively repurchased 4,824,180 shares, accounting for 0.99% of its total share capital. The total amount spent on these repurchases stands at 130,984,777.40 yuan, excluding transaction fees. The repurchase prices ranged from 26.20 yuan per share to 28.19 yuan per share.

The share repurchase program was approved on May 26, 2025, with a planned total value between 100 million yuan and 200 million yuan. The purpose of these repurchases is for subsequent implementation of an employee stock ownership plan or equity incentives. The board initially approved a maximum repurchase price of 35.00 yuan per share, which was later adjusted to 34.31 yuan per share following the 2024 annual equity distribution.

Hexing Electrical reiterates its commitment to adhering to all relevant regulations and will continue to make repurchase decisions opportunistically within the specified timeframe. The company will also promptly disclose any further developments regarding the share repurchase.