Zhejiang NHU updates on share repurchase progress

Zhejiang NHU Company (002001) announced the progress of its share repurchase program, initially approved on April 11, 2025. As of October 31, 2025, the company has repurchased 20,082,692 shares through centralized bidding transactions. This amount represents 0.6534% of the company's total share capital. The repurchases were executed at prices ranging from a high of RMB 24.45 per share to a low of RMB 21.25 per share, totaling an expenditure of RMB 446,133,413.90 (excluding transaction fees).

The share repurchase program, intended for employee stock ownership plans or equity incentive schemes, has an approved maximum repurchase price of RMB 32 per share. Following the implementation of the 2024 annual equity distribution on May 21, 2025, and the anticipated 2025 semi-annual equity distribution on October 20, 2025, the maximum repurchase price has been adjusted to RMB 31.3 per share.

Zhejiang NHU affirmed that its repurchases comply with the relevant regulations of the Shenzhen Stock Exchange and the China Securities Regulatory Commission, particularly concerning trading windows and pricing limits. The company plans to continue its repurchase program within the approved timeframe and will provide further disclosures as required.