Zhejiang Satellite Petrochemical completes share buyback program for employee incentives

Zhejiang Satellite Petrochemical Co. Ltd. has completed its share repurchase program as of August 31, 2025. The program, approved on April 10, 2025, aimed to repurchase shares via centralized bidding for employee stock ownership plans or other equity incentive plans. The company acquired 12,078,379 shares, representing 0.3586% of its total share capital.

The shares were repurchased at prices ranging from CNY 17.10 to CNY 18.90 per share, with a total transaction value of CNY 217,840,121.19 (excluding transaction fees). The buyback period ran from April 25, 2025, to August 31, 2025.

The repurchased shares are held in a dedicated securities account for future implementation of the company's partner shareholding plan or other equity incentive plans. This initiative is not expected to significantly impact the company's financial stability or operations, nor will it alter its control or listed status.