Sanhua Intelligent Controls updates on share repurchase program

Zhejiang Sanhua Intelligent Controls announced significant progress in its share repurchase program, as detailed in an announcement dated September 3, 2025. As of August 31, 2025, the company repurchased 1,506,800 A-shares through its dedicated securities account via centralized bidding.

These repurchases account for 0.0358% of the company's total share capital, with transaction prices ranging from RMB 22.69 to RMB 31.00 per share, totaling RMB 35,971,525.86 (excluding transaction fees). The repurchase aligns with the plan approved by the board on December 30, 2024, and disclosed on January 8, 2025, which set a maximum repurchase price of RMB 35.75 per share and a total capital outlay of no less than RMB 300,000,000 and no more than RMB 600,000,000.

The repurchased A-shares, totaling 2,707,721, are held in the company's treasury account and are intended for future equity incentive or employee stock ownership plans. Any remaining treasury shares not utilized for these purposes within the stipulated period will be cancelled. The company confirmed that all repurchases have been conducted in compliance with relevant regulations, and committed to continue the repurchase plan based on market conditions and capital arrangements, while also fulfilling information disclosure obligations.

The company's total issued share capital as of August 31, 2025, includes 476,536,400 H-shares and 3,729,681,814 A-shares (excluding treasury shares), with 2,707,721 A-shares held in treasury. The total issued share capital stands at 4,208,925,935 shares.