Neway Valve announces share buyback and capital reduction

Neway Valve (Suzhou) Co., Ltd. announced on November 22, 2025, a plan to repurchase and cancel a total of 314,028 restricted shares. This action follows decisions made by the board on November 4, 2025, and will result in a reduction of the company's registered capital. Prior to this, the company's registered capital had increased multiple times due to the granting of restricted shares under its 2023, 2024, and 2025 incentive plans, from an initial CNY 749,062,000 to CNY 775,596,927 by September 5, 2025.

The share cancellation stems from several factors, including the departure of two employees from the 2023 initial grant who no longer meet incentive conditions, leading to the buyback of 70,800 shares. Additionally, three employees from the 2023 reserved grant and nine employees from the 2023 initial grant had B-level performance assessments, resulting in the buyback of 10% of their unreleased shares, totaling 4,210 and 14,468 shares respectively. An additional two employees from the 2023 initial grant departed, resulting in the buyback of 224,550 shares.

Following these adjustments, the company’s total shares will decrease from 775,596,927 to 775,282,899, and the registered capital will decrease from CNY 775,596,927 to CNY 775,282,899. Creditors are invited to declare their claims within 45 days from November 22, 2025.