Jihua Group completes share repurchase, reduces registered capital

Jihua Group Corporation announced the completion of its share repurchase program, which commenced on February 14, 2025, and concluded on December 17, 2025. The company repurchased 30,559,901 shares, representing 0.6959% of its total share capital, at a total cost of CNY 100,004,777.95 (excluding transaction fees). The shares were acquired within a price range of CNY 2.51 to CNY 4.02 per share.

The repurchased shares will be canceled to reduce the company's registered capital. Following the cancellation, the company's controlling shareholder, Xinxing Jihua Group Co., Ltd., will see its equity stake passively increase from 45.56% to 46.53%. This change will not alter the company's controlling shareholder, actual controller, or their concerted parties.

The company confirmed that the share repurchase was funded by its own capital and does not impact its operations, financials, or future development, nor does it affect its listed status or control structure. The repurchased shares are scheduled to be canceled on December 19, 2025.