Zhejiang Nhu Company Ltd. Announces Share Buyback Program Worth RMB 300-600 Million

Deep News11-06

Zhejiang Nhu Company Ltd. (002001) disclosed in an announcement on November 6 that the company is currently implementing a share repurchase program with a total value ranging between RMB 300 million and RMB 600 million. The repurchased shares will be allocated for future employee stock incentive plans or employee stock ownership schemes.

During an investor Q&A session, the company emphasized that talent serves as the foundation of innovation. Zhejiang Nhu stated it will continue refining its talent development system and incentive mechanisms to foster collaboration, shared responsibilities, and mutual benefits between employees and the company. This approach aims to strengthen corporate cohesion and competitiveness.

The company further noted that it will advance equity incentive or employee stock ownership plans in alignment with business growth strategies. These measures are designed to enhance employee motivation and closely align shareholder interests with corporate development.

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