ZKH Group Initiates $50 Million Share Repurchase Program

ZKH Group Limited, a well-known maintenance, repair, and operations (MRO) procurement service platform based in China, has revealed its decision to initiate a share repurchase program. The company's board of directors has given the green light to repurchase up to US$50 million of its American Depositary Shares over the next 12 months, with the program concluding on June 13, 2025. The repurchases will be executed through various methods, including open market transactions, block trades, or privately negotiated deals, depending on prevailing market conditions.

The share repurchase plan underscores ZKH's confidence in its business growth trajectory and its ability to create value for shareholders. The company plans to fund these repurchases using its existing cash reserves. Chairman and CEO, Mr. Eric Long Chen, has emphasized the company's dedication to sustainable growth and enhancing shareholder value through this initiative.

ZKH Group Limited stands out as a leading MRO procurement service provider in China, with a primary focus on driving digital transformation within the industry to boost cost efficiency. By leveraging digitalized procurement solutions, ZKH offers a diverse range of high-quality products at competitive prices, aiming to simplify the purchasing process for its clientele. Additionally, the company ensures swift and dependable product delivery through professional fulfillment services tailored to meet the specific requirements of MRO suppliers and customers.

The press release contains forward-looking statements in compliance with the U.S. Private Securities Litigation Reform Act of 1995, outlining expectations related to business performance and future prospects. ZKH may issue additional forward-looking statements in its interactions with the SEC and other stakeholders, acknowledging the inherent risks and uncertainties that could influence actual outcomes.

ZKH remains committed to keeping stakeholders informed about any significant developments as mandated by law. For further details, interested parties are encouraged to reach out to ZKH Group Limited directly.

ZKH Group Limited's announcement of a share repurchase program underscores its confidence in the company's growth trajectory and commitment to enhancing shareholder value. By leveraging digital solutions and prioritizing customer satisfaction, ZKH continues to solidify its position as a leading MRO procurement service provider in China.