Sifang Automation repurchases and cancels restricted shares

Beijing Sifang Automation Co., Ltd. held its Eighth Board of Directors’ Third Meeting on October 28, 2025, approving the repurchase and cancellation of 25,000 restricted shares. This action stems from the company's QiHang No. 2 Restricted Stock Incentive Plan, with the buyback price set at 6.27 yuan per share, totaling 156,750 yuan sourced from the company's own funds.

The repurchased shares include 10,000 shares from one incentive recipient who is no longer eligible due to resignation, and 15,000 shares from another whose 2024 performance did not meet the conditions for the second unlocking period. Following this adjustment, the company's total share capital will decrease from 833,208,500 shares to 833,183,500 shares, with the number of restricted shares changing from 13,692,300 to 13,667,300.

Shanghai Rongzheng Enterprise Consulting Services (Group) Co., Ltd., acting as the independent financial advisor, confirmed that these actions align with the company’s internal regulations and relevant laws, ensuring no detriment to the company or its shareholders. This measure will not materially affect Sifang Automation's financial status or operational performance.