Chowei Electromechanical (02692.HK) intends to repurchase H-shares with a total amount not exceeding 120 million Hong Kong dollars.

The Zhaohui Electric (02692.HK) announcement, according to the relevant provisions of the "Company Law of the People's Republic of China", "Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited" and the "Articles of Association", the Company's 3rd Board of Directors held its 20th meeting on June 29, 2026 and approved the "Proposal on H Share Repurchase Plan". In order to further protect the interests of shareholders and enhance investor confidence, the Board of Directors has authorized the repurchase of H shares in general accordance with the authorization granted at the 2025 Annual Shareholders' Meeting held on May 22, 2026, launching an H share repurchase plan with a total amount not exceeding HK$120 million (including the principal amount).