Huaming Power Equipment updates share repurchase program, increases capital commitment

As of August 31, 2025, Huaming Power Equipment has repurchased 13,820,809 shares through centralized bidding. These repurchased shares represent 1.5421% of the company's current total share capital. The highest price paid per share was RMB 17.80, while the lowest was RMB 14.74, resulting in a total transaction value of RMB 220,724,415.58, excluding transaction fees.

The company initially approved its share repurchase program on February 28, 2025, with an original capital commitment of no less than RMB 150 million and no more than RMB 200 million. The repurchase price was set at a maximum of RMB 24.60 per share. Following the implementation of the 2024 equity distribution, the maximum repurchase price was adjusted to RMB 24.38 per share, effective July 9, 2025.

Further adjustments were made on July 4, 2025, when the company's board approved an increase in the total repurchase capital to no less than RMB 150 million and no more than RMB 250 million. The company reiterated that the repurchase program is intended for employee stock ownership plans or equity incentives and confirmed that the timing, volume, and pricing of the repurchases comply with regulatory requirements.