Hundsun Technologies updates on share repurchase and equity incentive plans

Hundsun Technologies has announced significant progress in its share repurchase program, with a cumulative repurchase of 603,300 shares, representing 0.0318% of its total share capital. The total amount spent on repurchases is CNY 20,078,770 (excluding transaction fees), with prices ranging from CNY 26.28 to CNY 35.97 per share. The company's repurchase program, initiated on April 23, 2025, aims to reduce registered capital, with an expected value between CNY 2,000 and CNY 4,000.

In its Q3 2025 report, Hundsun Technologies also detailed the exercise of its equity incentive plans. Under the 2022 stock option incentive plan, 2,966,730 shares were exercised and registered, while no shares were exercised under the 2023 plan. The total funds raised from the exercised options amounted to CNY 102,411,519.6, which will be used to supplement the company's working capital.

Following these activities, the company's total share capital has increased from 1,891,767,477 shares to 1,894,734,207 shares as of September 30, 2025. This change in share capital is not expected to have a material impact on Hundsun Technologies' financial condition or operating results.