Important Content Reminder
- Zhejiang Hailide New Materials Co., Ltd. (hereinafter referred to as "the Company") intends to use self-owned or raised funds to repurchase part of the company's issued ordinary shares (A shares). The total amount for this repurchase will not be less than RMB 150 million (inclusive) and not exceed RMB 300 million (inclusive), with a repurchase price not exceeding RMB 6.5 per share (inclusive). The specific number of shares to be repurchased will be based on the actual number of shares repurchased upon the expiration of the repurchase period or completion of the repurchase. The repurchase period is within 12 months from the date the board of directors approves the repurchase plan. The repurchased shares will be used for equity incentive plans or employee stock ownership plans.
- As of the date of this announcement, the company's directors, senior management, controlling shareholders and their concerted actors, actual controllers, and shareholders holding more than 5% of the shares have no plans to reduce their holdings in the company within the next 3 months or 6 months. If the aforementioned parties implement share reduction plans in the future, the company will strictly fulfill its information disclosure obligations in accordance with relevant laws and regulations. There are uncertainties and risks associated with this share repurchase, and investors are advised to pay attention to investment risks.
- The company has opened a special securities account for the repurchase at the Shenzhen branch of China Securities Depository and Clearing Corporation Limited.
I. Review and Implementation Procedures of the Repurchase Plan
According to the "Rules on Share Repurchase by Listed Companies" (hereinafter referred to as "the Repurchase Rules") and "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange - Share Repurchase" (hereinafter referred to as "the Repurchase Guidelines"), as well as relevant laws, regulations, normative documents, and the company's articles of association, the company held the 11th meeting of the 9th board of directors on June 1, 2026, to review and approve the proposal on the share repurchase plan through centralized bidding. This repurchase of company shares does not require submission to the shareholders' meeting for review. The specific content is as follows:
II. Main Content of the Repurchase Plan
(1) Purpose and Use of the Repurchased Shares
Based on confidence in the company's future development prospects and a high recognition of the company's value, combined with the company's operating conditions, main business development prospects, financial status, and future profitability, the company intends to repurchase part of the public shares using self-owned or raised funds. The repurchased shares will be used for implementing equity incentives or employee stock ownership plans to further establish and improve the company's long-term incentive mechanism and benefit-sharing mechanism, fully mobilizing employee enthusiasm, attracting and retaining outstanding talent, enhancing corporate cohesion and core competitiveness, and promoting the company's healthy and sustainable development. The repurchased shares will be used for equity incentives or employee stock ownership plans at an appropriate time in the future. If the repurchased shares are not fully utilized within 36 months after the completion of the repurchase, the unused repurchased shares will be canceled.
(2) Compliance with Relevant Conditions
This share repurchase complies with the conditions stipulated in Article 8 of the "Rules on Share Repurchase by Listed Companies" and Article 10 of the "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange - Share Repurchase":
- The company's shares have been listed for more than six months;
- The company has no major illegal activities in the past year;
- After the share repurchase, the company has the ability to fulfill its debts and maintain ongoing operations;
- After the share repurchase, the company's share distribution still meets the listing conditions;
- Other conditions stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.