Hopewind Electric begins share buyback program for employee incentives

Shenzhen Hopewind Electric Co., Ltd. announced on September 9, 2025, that it has initiated its share buyback program. On September 8, 2025, the company made its first repurchase, acquiring 15,000 shares through centralized bidding. This initial buyback represents 0.0033% of the company's total share capital. The shares were purchased at a uniform price of RMB 33.50 per share, totaling RMB 502,500.00, excluding transaction fees.

The share repurchase program was approved by the company's board of directors on April 11, 2025, following a proposal by chairman Han Yu on April 12, 2025. The program, which runs from April 12, 2025, to April 11, 2026, aims to repurchase shares with a total value ranging from RMB 10 million to RMB 20 million. The maximum repurchase price is set at RMB 46.31 per share.

The primary purpose of this share repurchase is for use in employee stock ownership plans or equity incentives, as indicated in the company's disclosure. Hopewind Electric will continue to execute its buyback plan in accordance with relevant regulations, committing to timely information disclosure regarding the program's progress.