Haid Group announces share repurchase, subsidiary spin-off, and shareholder meeting

Guangdong Haid Group Co., Ltd. announced a comprehensive share repurchase plan for its A-shares through centralized bidding, ranging from 1 bn yuan to 1.6 bn yuan, with a price cap of 62.00 yuan per share. The repurchased shares will be used for capital reduction and/or employee stock ownership and incentive plans. The company's board of directors approved the repurchase on October 28, 2025, and it now awaits shareholder approval at an extraordinary general meeting.

The repurchase, funded by the company's own capital, is expected to complete within five months of shareholder approval. This initiative aims to bolster investor confidence, optimize corporate governance, and establish long-term incentive mechanisms. The board confirmed no relevant parties have undertaken share transactions in the six months prior to the resolution, nor do they plan any during the repurchase period.

Shareholders will convene on November 14, 2025, for the Fourth Extraordinary General Meeting of 2025 to vote on the share repurchase and other proposals, including a plan to spin off its subsidiary Haid International Holdings Co., Ltd. for listing on the Hong Kong Stock Exchange Main Board. The meeting will support both in-person attendance and online voting.