Haers adjusts share repurchase price after 2024 dividend announcement

Zhejiang Haers Vacuum Containers [SZSE:002615] has announced adjustments to its share repurchase price ceiling following the approval of its 2024 annual equity distribution at the shareholder meeting held on May 12, 2025. The company's board approved the distribution of a cash dividend of CNY 1.50 (tax inclusive) per 10 shares to all shareholders, excluding shares held in the company's repurchase account. The equity distribution record date is set for May 27, 2025, with an ex-dividend date of May 28, 2025. Consequently, the maximum repurchase price will be adjusted to CNY 10.85 per share. The adjustment is based on China Securities Regulatory Commission and Shenzhen Stock Exchange regulations, taking into account the cash dividend distribution, and will affect related parameters in the 2020 restricted stock incentive plan, the 2024 employee stock ownership plan, and the 2024 stock appreciation rights incentive plan. The actual number of shares repurchased will depend on market conditions.