Shandong Hi-Speed commences share repurchase program

Shandong Hi-Speed Co., Ltd. announced the commencement of its share repurchase program, as approved by shareholders on June 6, 2025. The company repurchased 1,951,300 shares on July 9, 2025, representing 0.04% of its total share capital. The repurchase price ranged from CNY 10.16 to CNY 10.3 per share, with a total expenditure of CNY 19,996,933.00, excluding transaction costs. This repurchase aligns with the previously disclosed plan, which aims to utilize between CNY 200 million and CNY 300 million for the repurchase, at a price not exceeding CNY 15.45 per share, between June 6, 2025, and June 5, 2026. Shandong Hi-Speed will continue to implement the repurchase based on market conditions and will disclose further progress as required.