Sanhua Intelligent Controls updates on share repurchase program

Zhejiang Sanhua Intelligent Controls announced the latest progress of its share repurchase program. As of October 31, 2025, the company has repurchased 1,936,100 shares through concentrated bidding, representing 0.0460% of the total share capital. The highest price paid per share was 47.00 yuan, and the lowest was 22.69 yuan per share, totaling an aggregate transaction value of 55,983,338.86 yuan, excluding transaction fees.

The repurchase plan, initially approved on December 30, 2024, set a maximum price of 36.00 yuan per share and a total value between 30,000,000 yuan and 60,000,000 yuan. Subsequently, the maximum repurchase price was adjusted to 35.75 yuan per share after the 2024 equity distribution, and later further raised to 60.00 yuan per share on October 17, 2025. The implementation period was also extended by two months, now concluding on February 28, 2026.

The company affirmed that its share repurchases adhered to the requirements of the Shenzhen Stock Exchange’s Self-Regulatory Guidelines No. 9—Share Repurchase, including restrictions on repurchase timing and bidding practices. Zhejiang Sanhua Intelligent Controls will continue to implement the repurchase plan based on market conditions and funding arrangements, providing timely disclosures as required.