Jack Sewing Machine details progress in share buyback program for employee incentives

Jack Sewing Machine Company Limited announced the latest progress in its share repurchase program, as disclosed on September 2, 2025. As of August 31, 2025, the company had cumulatively repurchased 4,872,678 shares through centralized bidding. This represents 1.0228% of the company's total share capital.

The total amount spent on these repurchases stands at CNY 131,061,568.56, excluding transaction fees. The shares were acquired at prices ranging from a low of CNY 24.60 per share to a high of CNY 31.94 per share. The repurchase program was initiated following approval by the board of directors on April 7, 2025, with an initial price ceiling of CNY 37.00 per share, later adjusted to CNY 36.53 per share after the 2024 annual equity distribution.

The repurchased shares are intended for employee stock ownership plans or equity incentives, aligning with the company's objective to motivate its workforce. The total repurchase amount is projected to be between CNY 75,000,000 and CNY 150,000,000, with the program's implementation period set for 12 months from the date of board approval.