Innovation New Material updates on share repurchase program

Innovation New Material Technology Co., Ltd. has disclosed the latest progress on its share repurchase program, initially approved on March 24, 2025. As of August 31, 2025, the company has cumulatively repurchased 763,200 shares, representing 0.0203% of its total share capital. Its total share capital was adjusted to 3,756,072,163 shares on September 1, 2025. The total amount spent on repurchases reached CNY 2,999,679, with share prices ranging from CNY 3.93 to CNY 3.94 per share. No shares were repurchased in August 2025.

The ongoing repurchase program, aimed at reducing registered capital, is set to run from March 24, 2025, to March 23, 2026. The company plans to repurchase shares worth CNY 100,000,000 to CNY 200,000,000. The maximum repurchase price is capped at CNY 5.71 per share, which is 150% of the average stock price over the 30 trading days prior to the board's resolution.

The company reiterates its commitment to fulfilling disclosure obligations and will continue to execute the repurchase plan based on market conditions, as per relevant regulations.