Guangda Special Material's buyback reaches 2% threshold

** Zhangjiagang Guangda Special Material (SSE: 688186) announced that its share repurchase program has reached a significant milestone. As of February 10, 2025, the company has repurchased 4,413,586 shares through centralized bidding, accounting for 2.0601% of the total share capital. The repurchase price ranged between ¥16.48 and ¥19.29 per share, with a total expenditure of ¥80,700,752.32 (excluding transaction costs). The buyback program, approved on January 1, 2025, aims to repurchase shares for employee stock ownership or equity incentives, or conversion to corporate bonds and is funded by a combination of dedicated bank loans and company funds, and the total funds range between 200 million RMB to 400 million RMB. The company plans to continue the buyback program within the approved framework, while disclosing information promptly.