Huatu Cendes initiates share repurchase program

Huatu Cendes Design Co., Ltd. announced today the commencement of its share repurchase program, approved at the company's board and supervisory meetings on April 27, 2025. The company repurchased 95,560 shares, representing 0.0486% of the total share capital, at a maximum price of CNY 65.00 per share and a minimum price of CNY 64.20, for a total consideration of CNY 6,206,424.80 (excluding transaction costs). The repurchase, executed through a dedicated securities account, aligns with the company's previously disclosed repurchase plan which is between CNY 225 million and CNY 450 million and aims to incentivize equity or implement employee stock ownership. The company said the repurchase activities complied with regulatory rules, and will continue depending on market conditions.