NARI Technology progresses share repurchase, nearing CNY 500m minimum

NARI Technology Co., Ltd. announced progress on its share repurchase program through centralized bidding and trading. As of August 31, 2025, the company has cumulatively repurchased 20,947,491 shares, representing 0.261% of its total share capital. The repurchased shares are intended for a future employee stock ownership plan or equity incentive scheme.

The total amount spent on the repurchase stands at CNY 461,634,688.09, excluding transaction fees. The shares were acquired at prices ranging from a minimum of CNY 21.71 to a maximum of CNY 22.31 per share.

The repurchase program's total value is set to be no less than CNY 500 million and no more than CNY 1 billion, with a maximum repurchase price of CNY 34.13 per share. The repurchase period commenced on April 14, 2025, and will run for up to 12 months, concluding on April 13, 2026. The company will continue to execute the plan in accordance with relevant regulations, ensuring timely disclosure of progress.