Hexing Electrical hits 1% share repurchase target

Hexing Electrical has successfully repurchased 4,917,180 shares, representing 1.01% of its total share capital. The company disclosed on November 6, 2025, that the total amount paid for these repurchases, excluding transaction fees, reached yuan 133,650,988.40. The shares were acquired at prices ranging from yuan 26.20 to yuan 28.76 per share.

The share repurchase program was approved by the board of directors on May 26, 2025, with an initial plan to repurchase shares valued between yuan 100 million and yuan 200 million. These repurchased shares are intended for future employee stock ownership plans or equity incentives. The board approved an adjustment to the maximum repurchase price to yuan 34.31 per share (inclusive) following the 2024 annual equity distribution.

As of October 31, 2025, the company had acquired 93,000 shares in October alone, constituting 0.02% of its total share capital. The highest transaction price in October was yuan 28.76 per share, and the lowest was yuan 28.57 per share, totaling yuan 2,666,211.00 (excluding transaction fees) for the month.