Zhenhua Heavy Industries advances A-share repurchase program

Shanghai Zhenhua Heavy Industries has announced significant progress in its A-share repurchase program. As of November 30, 2025, the company has cumulatively repurchased 6,369,562 shares, representing 0.1209% of its total share capital. The total spent on these repurchases stands at yuan 28,547,008.72 (excluding transaction fees), with prices ranging from yuan 4.42 to yuan 4.60 per share.

The repurchase scheme, approved on April 28, 2025, is expected to run until May 27, 2026, and has a targeted total value between yuan 50,000,000 and yuan 100,000,000. The shares acquired through this program are intended for cancellation, thereby reducing the company's registered capital. This initiative aligns with the company's strategy for market value management.

The company's board of directors and subsequent annual shareholders' meeting approved the repurchase, with a maximum price set at yuan 6.88 per share, adjusted from yuan 6.93 due to the 2024 annual equity distribution. Zhenhua Heavy Industries affirms its commitment to adhering to all relevant regulations and will continue to disclose progress in a timely manner.