Zhejiang Huatie director halts share sale, plans significant buyback

Zhejiang Huatie Emergency Equipment Science & Technology Co., Ltd. announced today that Mr. Hu Danfeng, a major shareholder, director, and general manager, has decided to terminate his previously disclosed share reduction plan. This decision is based on his confidence in the company's future development and long-term value.

Concurrently, Mr. Hu Danfeng will initiate a share increase plan, committing to purchase company shares with his own or borrowed funds through centralized bidding on the Shanghai Stock Exchange. The total value of these purchases will be no less than 30,000,000 yuan and not exceeding 50,000,000 yuan. This buyback will take place over one month, starting from October 9, 2025, to November 8, 2025, and will not have a set price range.

The previous reduction plan, disclosed on August 15, 2025, involved a potential sale of up to 44,229,507 shares, representing up to 2.22% of the company's total share capital. As of this announcement, no shares were sold under that plan, and Mr. Hu Danfeng maintains his 8.86% ownership, or 176,918,028 shares.