Century Huatong announces share repurchase program for capital reduction

Zhejiang Century Huatong Group announced its board and shareholders approved a plan to repurchase A-shares for cancellation, reducing registered capital. The repurchase, approved on November 12 and 28, 2025, will involve shares not exceeding RMB 28.77 per share. The total investment will range from RMB 500 million to RMB 1 billion, sourced from the company's own funds and a dedicated loan facility of up to RMB 900 million from China Merchants Bank.

The buyback period is set for 12 months from the shareholder approval date. The company anticipates repurchasing between 17,379,215 and 34,758,428 shares, representing 0.2340% to 0.4679% of its total share capital. The company asserts that this will not materially impact its operations, financial condition, research and development capabilities, or its ability to meet debt obligations.

Creditors are notified to submit claims within 30 days of receiving notice, or 45 days from the announcement date (November 28, 2025), with a deadline of January 12, 2026. This initiative is designed to enhance shareholder returns and boost investor confidence, with the company’s chairman, Wang Ji, proposing the repurchase due to optimism about the gaming industry and the company’s valuation.