HMT completes share buyback, allocates shares for employee ownership

HMT (Xiamen) New Technical Materials Co. Ltd. has finalized its share repurchase program, acquiring 21,502,949 shares totaling 799,918,402.37 yuan. The repurchased shares, representing 6.53% of the company's total share capital, are designated for equity incentive or employee stock ownership plans, with up to 15,000,000 shares earmarked for the 2025 employee stock ownership plan. The buyback occurred within a price range of 29.50 yuan to 51.37 yuan per share, averaging 37.20 yuan.

Concurrently, HMT’s controlling shareholder, Dongyang Huasheng Enterprise Management Partnership, completed a shareholding increase initiative. Between October 22, 2025, and November 5, 2025, Dongyang Huasheng acquired 2,402,100 shares through centralized bidding, amounting to 119,979,534.00 yuan. This boosted their stake from 14.94% to 15.67% of the total share capital.

These actions align with the company's objective to enhance long-term value and ensure stability. The buyback will not alter the company's normal operations, financial health, or control structure, while the increased holdings by the controlling shareholder demonstrate confidence in HMT's future.