Yankuang Energy plans share repurchases for employee incentives and capital reduction

Yankuang Energy Group Co., Ltd. announced its share repurchase progress as of August 31, 2025. The company plans to repurchase A-shares with its own funds, targeting an amount between RMB 0.5 billion and RMB 1 billion. This repurchase is intended for employee stock ownership plans or equity incentives, with a three-year term. The repurchase price for A-shares will not exceed RMB 17.08 per share, and the program's implementation period is from August 29, 2025, to August 28, 2026. As of August 31, 2025, no A-shares have been repurchased.

Separately, Yankuang Energy plans to repurchase H-shares using its own funds, with an allocation of RMB 1.5 billion to RMB 4 billion. The H-share repurchase price will not exceed 105% of the average closing price of the five trading days preceding the repurchase. This H-share repurchase is aimed at reducing the company's registered capital. As of August 31, 2025, no H-shares have been repurchased. The company will provide timely updates on the progress of these repurchase initiatives.