Zhejiang Century Huatong Group proposes up to 1bn yuan share buyback

Zhejiang Century Huatong Group plans to repurchase its A-share ordinary stock, with the shares to be cancelled to reduce registered capital. The buyback price will not exceed CNY 28.77 per share, and the total value will range from CNY 500,000,000 to CNY 1,000,000,000. This initiative, funded by the company's own or borrowed capital, is slated to occur within 12 months following shareholder approval.

The proposed repurchase aims to boost investor confidence and improve investment returns, driven by the board's positive outlook on the company's long-term development and value. The chairman, Wang Ji, who holds a combined 14.61% stake, initiated the proposal on November 7, 2025.

The maximum buyback of CNY 1,000,000,000 could result in repurchasing approximately 34,758,428 shares, representing about 0.4679% of the company's total issued share capital. This move is expected to have no material adverse effect on the company's operations, finances, research and development, debt repayment capabilities, or its listing status.