Huagong Tech completes share repurchase program

Huagong Tech (SZSE:000988) announced the completion of its share repurchase program on April 30, 2025, initiated to implement an employee stock ownership plan or equity incentive. The company repurchased 9,800,000 A-shares, representing 0.97% of its total share capital. The buyback was executed through a dedicated securities account via centralized competitive bidding. The highest transaction price was CNY 40.88 per share, and the lowest was CNY 39.50 per share, with a total expenditure of CNY 394,974,014.22 (excluding transaction costs). The funds used for the repurchase came from the company's own funds and a special loan for share repurchase. The repurchased shares will be held in a dedicated account and are intended for use in future employee incentive plans; if not used within 36 months, they will be cancelled.