ZKH Group Limited (ZKH) Announces $50M Share Buyback

ZKH Group Limited (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$50 million worth of its shares (including American Depositary Shares) over the next 12 months, ending on June 13, 2026.

The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions, and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance.

Mr. Eric Long Chen, Chairman and Chief Executive Officer of ZKH, commented, "The launch of our new share repurchase program underscores our strong confidence in ZKH's intrinsic value and long-term growth prospects. Our recent financial and operational results highlight the strength and resilience of our business model, providing a solid foundation for our sustainable development. Supported by a healthy balance sheet and cash flows, and effective strategic execution, we're well-positioned to drive continued growth and create greater value for all of our stakeholders."

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