Huatong to repurchase shares for unfulfilled performance commitments

Zhejiang Century Huatong Group will repurchase and cancel 126,627,700 shares from three shareholders due to unfulfilled performance commitments.

One shareholder will fulfill its 24,473,850 share compensation first at RMB 1.00 total price. This will reduce the company's total share capital from 7,452,556,968 to 7,428,083,118 shares.