Zhenhua Heavy Industries repurchases A-shares to reduce capital

Shanghai Zhenhua Heavy Industries (ZPMC) has announced the latest progress in its A-share repurchase program, having repurchased 4,000,000 shares as of October 31, 2025. This represents 0.0759% of the company's total share capital. The total amount spent on these repurchases stands at CNY 17,717,407, excluding transaction fees. The repurchase prices ranged from a high of CNY 4.44 per share to a low of CNY 4.42 per share.

The repurchase program, which commenced on May 28, 2025, and is scheduled to run until May 27, 2026, has an estimated total value between CNY 50,000,000 and CNY 100,000,000. The primary purpose of this initiative is to reduce the company's registered capital. The board had approved the repurchase scheme on April 27, 2025, and May 28, 2025.

The maximum repurchase price was initially set at CNY 6.93 per share but was adjusted to CNY 6.88 per share following the 2024 annual equity distribution. ZPMC has committed to continue the repurchase in compliance with relevant regulations and will provide timely disclosures regarding the program's progress.