Zhenhua Heavy Industries' A-share repurchase program progresses

Shanghai Zhenhua Heavy Industries (SSE:600320) has announced significant progress in its A-share repurchase program. As of November 21, 2025, the company has cumulatively repurchased 5,769,562 shares, representing 0.1095% of its total share capital. The total amount spent on these repurchases stands at yuan 25,841,008.72 (excluding transaction fees), with prices ranging from yuan 4.42 per share to yuan 4.60 per share.

The repurchase scheme, initially disclosed on April 28, 2025, is scheduled to run until May 27, 2026, with an anticipated total outlay between yuan 50,000,000 and yuan 100,000,000. The primary purpose of this repurchase is to decrease the company's registered capital. The maximum repurchase price has been adjusted to yuan 6.88 per share following a 2024 annual equity distribution.

The company reaffirms its commitment to adhering to relevant regulations and will continue to make repurchase decisions based on market conditions while ensuring timely disclosure of progress. Investors are advised to consider the investment risks.