Sanhua Intelligent Controls delays share repurchase program

Zhejiang Sanhua Intelligent Controls (SZSE:002050) has announced that it has not yet commenced its share repurchase program as of February 28, 2025. The company's plan, approved on December 30, 2024, authorizes the repurchase of shares using company funds and dedicated loan facilities via centralized competitive bidding. The repurchase price will not exceed RMB 36.00 per share, with a total funding range of RMB 30,000,000 to RMB 60,000,000. The program is slated to last no more than 12 months from the date of approval. Sanhua Intelligent Controls stated that it will implement the repurchase plan based on market conditions and funding arrangements, and will adhere to relevant disclosure obligations. Investors are urged to pay attention to investment risks.