Century Huatong completes share cancellation, reduces capital

Zhejiang Century Huatong Group Co., Ltd. (Century Huatong) has completed the cancellation of 1,280,000 repurchased shares, representing 0.0174% of the company's total share capital before the cancellation. This action, finalized on December 25, 2025, with China Securities Depository and Clearing Corporation Limited Shenzhen Branch, reduces the company's total share capital from 7,371,962,322 shares to 7,370,682,322 shares. The cancellation primarily affected unrestricted circulating shares.

The initial share repurchase plan, approved on March 1, 2022, aimed to repurchase shares worth between yuan 500 million and yuan 1 billion at a price not exceeding yuan 10 per share. The company eventually repurchased 1,280,000 shares at an average price of yuan 4.48 per share, utilizing yuan 5,732,400.00. The purpose of these repurchased shares was later changed from equity incentive and employee stock ownership plans to cancellation and capital reduction, as approved on December 22, 2025.

Century Huatong has stated this share cancellation will not materially impact the company's financial condition or operating results, nor will it alter the company's listing status or control. The company will proceed with updating its registered capital and amending its Articles of Association in accordance with relevant laws and regulations.