Gongniu Group updates on share repurchase program progress

Gongniu Group Co., Ltd. announced its progress on the share repurchase program through centralized bidding transactions. As of August 2025, the company had cumulatively repurchased 5.036 million shares, representing 0.28% of its total share capital. The total amount spent on these repurchases reached 250.2001 million yuan, with prices ranging from 47.05 to 50.62 yuan per share.

The repurchase program, initially disclosed on April 25, 2025, aims to repurchase shares valued between 250 million yuan and 400 million yuan by April 23, 2026. These repurchased shares are intended for use in employee stock ownership plans or equity incentive programs.

In August 2025 alone, Gongniu Group repurchased 63,800 shares, accounting for 0.004% of its total share capital, at a cost of 3.0086 million yuan. The company reiterated its commitment to comply with relevant regulations and will continue to make repurchase decisions based on market conditions, while keeping investors informed.