Sanhua Intelligent Controls adjusts share repurchase price, extends period

Zhejiang Sanhua Intelligent Controls held its Eighth Board of Directors' Ninth Extraordinary Meeting on October 17, 2025, approving the adjustment of the share repurchase price upper limit from 35.75 yuan per share to 60.00 yuan per share. This adjustment ensures the maximum repurchase price does not exceed 150% of the average trading price over the 30 trading days prior to the board's resolution. Concurrently, the company extended the share repurchase implementation period by two months, now scheduled to conclude on February 28, 2026.

The original repurchase plan, approved on December 30, 2024, aimed to repurchase shares with a total value between 300 million yuan and 600 million yuan. As of the announcement date, the company had repurchased 1,506,800 shares, representing 0.0358% of its total share capital, with a total cost of 35,971,525.86 yuan. The adjustment aligns with market changes and the company's belief in its future prospects, ensuring the smooth execution of the repurchase program without impacting its debt capacity or operational stability.