Gongniu Group provides update on share repurchase program

Gongniu Group (SSE:603195) announced progress in its share repurchase program, initiated on April 24, 2025, with a plan to repurchase shares worth between CNY 250 million and CNY 400 million. As of the end of June 2025, the company had repurchased 4,972,200 shares, representing 0.27% of the total share capital, at prices ranging from CNY 47.07 to CNY 50.62 per share, for a total expenditure of CNY 247.1915 million. These repurchased shares are intended for employee stock ownership plans or equity incentives. The repurchase activities comply with relevant regulations and the company's repurchase plan. Gongniu Group will continue to implement its repurchase program based on market conditions.