Suzhou HYC Technology updates on share repurchase program

Suzhou HYC Technology announced the latest progress of its share repurchase program through centralized bidding transactions. As of August 31, 2025, the company has repurchased 1,210,715 shares, representing 0.2718% of its total share capital of 445,377,843 shares. The total amount spent on these repurchases stands at CNY 33,509,939.85, excluding stamp duty and transaction commissions.

The shares were acquired at prices ranging from CNY 22.66 to CNY 34.78 per share. This repurchase is intended to be used for the company's employee stock ownership plan or equity incentive program. The initial repurchase plan, approved on November 14, 2024, set a total repurchase amount between CNY 40 million and CNY 80 million, with a maximum repurchase price of CNY 47.00 per share. The repurchase period extends from November 14, 2024, to November 13, 2025.

The company had previously increased the total repurchase amount following a board meeting on January 17, 2025. Suzhou HYC Technology affirmed its commitment to adhere to all relevant laws and regulations, and will continue to make repurchase decisions based on market conditions, while fulfilling its information disclosure obligations.