Changhong Electric updates on guarantees and share repurchase program

Sichuan Changhong Electric Company Limited announced progress on its 2025 external guarantees, including a new guarantee for Zero Eight One Red Wheel Mechanical Co., Ltd. for CNY 1,000 million, bringing the total guarantee for Red Wheel to CNY 7,970 million. The company also increased its guarantee for Changhong Jiahua Information Products Co., Ltd. and its subsidiaries by CNY 14,000 million to a maximum of CNY 80,000 million, bringing their total guarantee to CNY 191,553.60 million. As of the announcement date, the total external guarantees by the company and its non-listed subsidiaries amounted to CNY 1,269,243.77 million, representing 86.58% of its latest audited net assets.

Separately, Sichuan Changhong Electric provided an update on its share repurchase program. As of August 31, 2025, the company had cumulatively repurchased 206,300 shares, accounting for 0.0045% of its total share capital. The repurchases were made at a price of CNY 9.69 per share, totaling CNY 1,999,047 million (excluding transaction fees). The repurchased shares are intended for employee stock ownership plans or equity incentives, with the program's total value expected to be between CNY 25,000 million and CNY 50,000 million.