Zhejiang Jingu board approves A-share repurchase for employee incentives

Zhejiang Jingu Co., Ltd. announced its board of directors approved a share repurchase plan on December 9, 2025. This move signals confidence in the company's future and a commitment to long-term employee incentives. The company plans to repurchase its A-share ordinary stock, with the primary purpose of funding employee stock ownership plans or equity incentive schemes.

The repurchase program sets a price ceiling of RMB 13.63 per share and a total investment ranging from RMB 30,000,000 to RMB 60,000,000. This translates to repurchasing between 2,201,028 and 4,402,054 shares, representing 0.22% to 0.44% of the company’s total share capital. The repurchase will be executed via centralized bidding transactions within 12 months from the board's approval, utilizing both proprietary and borrowed funds.

The board also confirmed that the repurchase would not adversely affect the company's operational, financial, or debt servicing capabilities, nor would it alter the company's control structure or listed status. All directors, senior management, the controlling shareholder, and their concerted parties have confirmed no stock sales were made in the six months prior to the board's decision, with any future changes to be disclosed in accordance with regulations.