Gongniu Group concludes share repurchase for employee incentive plans

Gongniu Group Co., Ltd. has completed its share repurchase program, acquiring 5,036,025 shares, representing 0.28% of its total share capital, for a total of 250,200,100 yuan. The shares were purchased at an average price of 49.68 yuan per share, with prices ranging from 47.05 yuan to 50.62 yuan per share. This repurchase, initiated on April 24, 2025, aimed to fund future employee stock ownership and equity incentive plans.

The company's board approved the repurchase plan on April 23, 2025, with an initial allocation of 250,000,000 yuan to 400,000,000 yuan. Following a 2024 annual profit distribution, the maximum repurchase price was adjusted from 107 yuan per share to 74.71 yuan per share. Funding for this initiative came from the company's自有资金 and自筹资金.

Of the repurchased shares, 4,143,300 have been allocated for the 2025 restricted stock incentive plan, and 828,908 shares have been transferred to the 2025 special talent stock ownership plan. The remaining 63,890 shares are held in dedicated securities accounts. Any unused repurchased shares will be canceled within three years as per regulatory requirements.