Kingland Pipeline continues share repurchase program

Zhejiang Kingland Pipeline & Technologies (SZSE:002443) announced the progress of its share repurchase program. Between August 29, 2024, and February 28, 2025, the company repurchased 7,172,100 shares, representing 1.38% of the total share capital. The repurchases were made through a dedicated securities account via centralized bidding. The highest transaction price was 6.50 RMB per share, and the lowest was 5.93 RMB per share. The total transaction amount was 44,931,529.84 RMB (excluding transaction costs). The company intends to use the repurchased shares for employee stock ownership or equity incentive plans. The repurchase activities comply with relevant regulations and the company's previously disclosed repurchase plan. The company will continue to implement the repurchase plan based on market conditions.