Henan Shenhuo completes share buyback for equity incentive plan

Henan Shenhuo Coal & Power Co., Ltd. announced the completion of its share buyback program, which ran from April 8, 2025, to May 6, 2025. The company repurchased 15,420,360 shares through centralized bidding, representing 0.686% of its total share capital. The total transaction value amounted to CNY 254,978,767.92, excluding transaction fees, with prices ranging from CNY 15.93 to CNY 17.00 per share.

The buyback successfully met the minimum amount stipulated in the original plan and did not exceed the maximum price or total value. These repurchased shares are designated for an equity incentive plan. The company confirmed that the implementation of the buyback aligns with the approved plan and relevant regulations.

This buyback is not expected to significantly impact the company's financial, operational, or R&D capabilities, nor alter its control structure or listed status. The company committed to disclosing the buyback's progress monthly, and any unutilized shares after 36 months will be cancelled.