Zhejiang NHU makes significant progress in share buyback program

Zhejiang NHU Company (SZSE:002001) announced that as of August 31, 2025, it had repurchased 14,299,692 shares through its dedicated securities account via centralized bidding. This accounts for 0.4653% of the company's total share capital. The total transaction amount for these repurchases reached 309,114,666.59 yuan (excluding transaction fees), with the highest transaction price at 22.23 yuan per share and the lowest at 21.25 yuan per share.

The share repurchase program, approved by the board on April 11, 2025, aims to acquire shares for an employee stock ownership plan or equity incentive plan, with a total value ranging from 300 million yuan to 600 million yuan. The initial maximum repurchase price was 32 yuan per share, adjusted to 31.5 yuan per share following the implementation of the 2024 annual equity distribution on May 21, 2025. The program's duration is no more than 12 months from the date of board approval.

Zhejiang NHU confirms that the repurchase activities align with the approved plan and relevant laws and regulations, including adherence to market-based pricing and avoiding specific restricted trading periods. The company will continue to disclose its repurchase progress monthly.