Zhejiang Sanhua Intelligent Controls (02050) controlling shareholder proposes to repurchase 200 million to 400 million A shares

Sanhua Intelligence Control (02050) announced that, based on the confidence in the future steady development and recognition of the company's value, to thank the company's management and core talent for their long-term contributions to the company, and to motivate them to work harder and strive for excellence, and to improve long-term incentive mechanisms, the company's controlling shareholder Sanhua Holdings Group Co., Ltd. proposed that the company repurchase its A shares with its own funds, for use in future equity incentive plans or employee stock ownership plans. Considering the recent stock price of the company, the proposer suggests that the maximum repurchase price should not exceed RMB 60.00 per share, with a total repurchase amount not less than 2 billion yuan and not more than 4 billion yuan.