Besttone Holding announces share repurchase plan

Besttone Holding announced its plan to repurchase shares following approvals from its board of directors and the 2024 annual general meeting on May 12, 2025, and June 27, 2025, respectively. The company intends to repurchase shares via centralized bidding, specifically to cancel them and reduce its registered capital. The total repurchase amount is projected to be between RMB 50,000,000 and RMB 100,000,000, with a maximum repurchase price of RMB 16.00 per share.

The repurchase period spans from June 27, 2025, to June 26, 2026. As of August 31, 2025, Besttone Holding has not yet initiated any share repurchases. The company plans to execute the repurchases opportunistically within the designated timeframe, depending on market conditions.

Besttone Holding will adhere strictly to "Rules for Share Repurchases by Listed Companies" and "Shanghai Stock Exchange Self-Regulatory Guidelines No. 7 - Share Repurchases." Investors are advised to consider the investment risks involved.