CETC Digital Technology repurchases shares after unit misses performance targets

CETC Digital Technology Co., Ltd. announced the repurchase and cancellation of 6,125,564 shares from its compensation obligors for a total price of 1.00 yuan. This action resulted from Shanghai Baifei Electronic Technology Co., Ltd., an acquisition target, failing to meet its 2024 performance commitments. The repurchased shares, representing 0.89% of the company's total share capital before cancellation, are expected to be delisted from the China Securities Depository and Clearing Corporation Limited Shanghai Branch on September 5, 2025.

The compensation obligors include CETC Digital Technology (Group) Co., Ltd., Hefei CETC Guoyuan Industrial Investment Partnership (Limited Partnership), CETC Guorui Group Co., Ltd., East China Institute of Computing Technology (The 32nd Research Institute of China Electronics Technology Group Corporation), Luo Ming, and Xing Maoteng. The company also received cash dividend income of 6,738,120.40 yuan from the compensation obligors, corresponding to the repurchased shares during the performance compensation period.

Following the cancellation, CETC Digital Technology's total share capital will decrease to 680,168,517 shares. The number of shares with restricted sales conditions will be 66,392,216, accounting for 9.76% of the total, while unrestricted shares will remain at 613,776,301, representing 90.24%.