Henan Shenhuo completes restricted share repurchase, continues buyback program

Henan Shenhuo Coal & Power Company Limited has completed the repurchase and cancellation of 346,170 restricted shares, representing 1.77% of the total restricted shares granted under its 2021 incentive plan. This action, due to 7 incentive recipients no longer meeting eligibility criteria, reduces the company's total share capital from 2,249,350,569 shares to 2,249,004,399 shares. The repurchase price was 1.83 yuan per share, totaling 633,491.10 yuan (excluding interest) from the company's own funds.

In a related development, the company provided an update on its ongoing share buyback program. As of October 31, 2025, Henan Shenhuo has repurchased 15,420,360 shares through centralized bidding, accounting for 0.686% of its current total share capital. The total transaction value for these repurchases reached 254,978,767.92 yuan (excluding transaction fees), with prices ranging from 15.93 yuan to 17.00 yuan per share, funded by the company's own capital.

These repurchases are part of a program approved on December 30, 2024, aiming to buy back shares worth between 250 million yuan and 450 million yuan for an equity incentive plan, with a maximum price of 20 yuan per share. The company will continue its share buyback program within the approved timeframe.