Sanhua Intelligent Controls completes restricted share repurchase from incentive plans

Zhejiang Sanhua Intelligent Controls Co. has completed the repurchase and cancellation of restricted shares from its 2022 and 2024 incentive plans, as announced on November 13, 2025. This action impacts 114 individuals, with a total of 912,000 shares repurchased for CNY 9,931,500. The repurchased shares represent 0.0217% of the company's total share capital before the cancellation.

For the 2022 restricted share incentive plan, 51 ineligible participants had 198,000 shares repurchased at CNY 9.05 per share. These shares were granted on May 31, 2022. For the 2024 restricted share incentive plan, 89 ineligible participants had 714,000 shares repurchased at CNY 11.40 per share. These shares were granted on May 13, 2024.

Following these repurchases and cancellations, the company's total share capital has been reduced from 4,208,925,935 shares to 4,208,013,935 shares. The company stated this action will not significantly impact its financial condition, operating results, or the stability and motivation of its management team.