Zhejiang Sanhua Intelligent Controls (002050) reported on 13 November 2025 that it had repurchased and canceled 912,000 restricted A shares from participants of its 2022 and 2024 Restricted Share Incentive Schemes. The shares were repurchased in two batches, comprising 198,000 shares at RMB9.05 each and 714,000 shares at RMB11.4 each, for an aggregate consideration of RMB9,931,500.

According to the filing, the company’s issued shares (excluding treasury shares) now total 3,727,911,214, and it holds 3,566,321 treasury shares, bringing the overall reachable total to 3,731,477,535 shares. The canceled shares reflect terminations of labor contracts or underperformance in meeting specified appraisal targets under the incentive plans. No additional repurchases for holding as treasury shares were disclosed.