Zhejiang NHU updates share repurchase, details 2025 semi-annual dividend plan

Zhejiang NHU Company announced progress on its share repurchase plan, having acquired 14,815,692 shares by September 30, 2025. This represents 0.4820% of the company's total share capital, with a total transaction value of CNY 321,411,966.15. The repurchase price ranged from CNY 21.25 to CNY 23.87 per share. Following the 2024 annual equity distribution, the maximum repurchase price was adjusted from CNY 32 per share to CNY 31.50 per share. With the 2025 semi-annual equity distribution, the maximum repurchase price will be further adjusted to CNY 31.30 per share, effective October 20, 2025.

The company also detailed its 2025 semi-annual equity distribution plan, approved by the extraordinary general meeting on September 12, 2025. Based on 3,058,605,988 shares (excluding repurchased shares), a cash dividend of CNY 2.00 (tax inclusive) per 10 shares will be distributed. The total cash dividend amounts to CNY 611,721,197.60. The equity registration date is October 17, 2025, with the ex-dividend date on October 20, 2025.

Considering the repurchased shares, the ex-dividend reference price will be calculated by subtracting CNY 0.1990358 (per share cash dividend based on total share capital including repurchased shares) from the closing price on the equity registration date. The adjusted repurchase price ceiling of CNY 31.30 per share is expected to result in a repurchase volume between 9,584,664 and 19,169,329 shares, representing 0.31% to 0.62% of the total share capital.