Haers chairman proposes share repurchase program

Zhejiang Haers Vacuum Containers (SZSE:002615) announced that Chairman Lü Qiang has proposed a share repurchase program, citing confidence in the company's long-term value and future prospects. The proposed buyback will utilize the company's own or self-raised funds, with the acquired shares intended for future equity incentive plans or employee stock ownership plans. The proposed repurchase amount will range from CNY 8,000 to CNY 16,000. The repurchase price will not exceed 150% of the average stock trading price in the 30 trading days prior to the board's approval of the repurchase plan. The buyback is planned to be executed through centralized bidding via the Shenzhen Stock Exchange, and is subject to board approval and regulatory compliance.