UCloud Technology announces share repurchase for employee incentives

UCloud Technology Co., Ltd. has announced a share repurchase program, approved by its board on September 29, 2025, and shareholders on October 15, 2025. The company plans to repurchase shares using its own funds, with a total value of not less than RMB 8 million and not exceeding RMB 10 million. The repurchase price will not exceed RMB 40.33 per share. The repurchased shares are intended for equity incentives or employee stock ownership plans.

The repurchase is expected to acquire between 198,400 and 247,900 shares, representing approximately 0.04% to 0.05% of the company's total share capital. The program will run for a period of six months from the date of shareholder approval. This initiative aims to maintain the company's value, protect investor interests, and foster long-term development by boosting employee motivation and enhancing core competitiveness.

As of June 30, 2025, UCloud’s total assets were RMB 3,423.1248 million and net assets attributable to shareholders were RMB 2,364.0694 million. The maximum repurchase amount represents a small fraction of these figures (0.29% of total assets, 0.42% of net assets), indicating minimal impact on the company's financial stability.