Century Huatong cancels shares, reduces total capital

Zhejiang Century Huatong Group Co., Ltd. (Century Huatong) has announced the completion of its share buyback and cancellation, reducing its total share capital. A total of 56,120,796 shares, representing 0.7555% of the company's pre-cancellation total share capital, were officially canceled on December 15, 2025. Following this, the company's total share capital decreased from 7,428,083,118 shares to 7,371,962,322 shares.

The buyback program, approved in November 2025, involved repurchasing shares via centralized bidding with a total investment ranging from 50,000,000.00 yuan to 100,000,000.00 yuan. The highest price for the repurchased shares was 18.38 yuan per share, while the lowest was 17.06 yuan per share, with an average price of 17.82 yuan per share. The total transaction value for the buyback amounted to 999,899,749.24 yuan.

Century Huatong confirmed that the cancellation of these shares will not materially impact the company's financial condition or operational results, nor will it affect its listing status or lead to a change in controlling ownership. The company will proceed with updating its registered capital and amending its Articles of Association as required.