Zhenhua Heavy Industries updates on A-share buyback progress

Shanghai Zhenhua Heavy Industries has repurchased 4,000,000 A-shares as of September 30, 2025, representing 0.0759% of the company's total share capital. The aggregate amount paid for these shares is CNY 17,717,407, with prices ranging from CNY 4.42 to CNY 4.44 per share. This repurchase is part of a larger plan, approved by shareholders, to buy back shares worth between CNY 50,000,000 and CNY 100,000,000 for capital reduction.

The share buyback program, initiated following shareholder approval on May 28, 2025, is scheduled to run until May 27, 2026. The company intends to use its own funds or borrowed capital for the repurchase, with an adjusted price cap of CNY 6.88 per share, down from the original CNY 6.93 due to a 2024 equity distribution.

ZPMC reaffirmed its commitment to adhering to all relevant regulations, including those from the Shanghai Stock Exchange, and will continue to make timely disclosures regarding the progress of its share repurchase activities.