Haers reaches 2% share buyback milestone

Zhejiang Haers Vacuum Containers announced its share repurchase program has reached 2% of its total share capital. As of November 4, 2025, the company has cumulatively repurchased 9,337,550 shares through centralized bidding. This repurchase amounts to approximately 2.00% of the company's total share capital. The highest price paid per share was RMB 8.41, while the lowest was RMB 7.65. The total capital expended for these repurchases, excluding stamp duty and transaction commissions, stands at RMB 74,396,735.

The repurchase initiative, approved by the board on April 20, 2025, aims to buy back between RMB 80 million and RMB 160 million of shares at a price not exceeding RMB 11.00 per share (adjusted to RMB 10.85 per share after a 2024 equity distribution). The repurchased shares are intended for future equity incentive or employee stock ownership plans, with the program's duration set for 12 months from the board's approval date.

The company confirmed that the timing, pricing, and method of its share repurchases align with relevant regulations and its approved repurchase plan. Zhejiang Haers Vacuum Containers will continue to implement the buyback plan within the specified period and fulfill its information disclosure obligations.