Deppon Logistics to buy back shares, provides guarantees to subsidiaries

Deppon Logistics Co., Ltd. announced a share repurchase program, approved on May 16, 2025, to reduce its registered capital. The company plans to buy back shares worth between RMB 75 million and RMB 150 million via centralized bidding transactions at a maximum price of RMB 15.85 per share, with the program concluding by May 15, 2026. As of August 31, 2025, no shares have been repurchased.

Concurrently, Deppon Logistics provided guarantees totaling RMB 81.43 million for three subsidiaries: Dongguan Deppon Freight Co., Ltd., Ningbo Xuande Deppon Supply Chain Management Co., Ltd., and Tianjin Quancheng Deppon Logistics Co., Ltd. These guarantees, issued through non-financing letters of guarantee from multiple banks, support the subsidiaries' operational needs.

The total outstanding guarantees for Deppon Logistics and its subsidiaries amount to RMB 1,847.557 million as of August 31, 2025, representing 21.83% of the company's latest audited net assets. All guaranteed subsidiaries are operating normally and are not currently on any credit default lists.