Huafa Industrial hits 2% share repurchase mark

As of October 21, 2025, Huafa Industrial Zhuhai has cumulatively repurchased 55.1 million shares through centralized bidding transactions on the Shanghai Stock Exchange. This represents 2.002% of the company's total share capital, with the total repurchased amount reaching CNY 291,378,508.50. Prices ranged from CNY 4.78 to CNY 5.83 per share.

The share repurchase plan, disclosed on October 30, 2024, set a repurchased amount between CNY 300 million and CNY 600 million. The maximum price was initially CNY 9.83 per share, later adjusted to CNY 9.73 per share on May 26, 2025, and further to CNY 9.71 per share on September 11, 2025, following equity distribution plans.

The company intends to use the repurchased shares for employee stock ownership plans or equity incentives, as outlined in its repurchase report dated November 23, 2024. Huafa Industrial Zhuhai will continue to monitor market conditions and make further repurchase decisions within the established timeframe.