Zhongheng Electric initiates share repurchase plan to bolster value

Hangzhou Zhongheng Electric (SZSE:002364) has officially begun its previously announced share repurchase program. The company disclosed that it repurchased 210,000 shares on April 16, 2025, accounting for 0.04% of the total share capital. The shares were bought through a dedicated securities account using a centralized competitive bidding approach, with the highest transaction price at CNY 13.72 per share and the lowest at CNY 13.34 per share. The total transaction amount was CNY 2,843,823 excluding transaction costs.