Sichuan Changhong Electric: Share buyback progresses, substantial guarantees disclosed

Sichuan Changhong Electric has reported progress on its share repurchase program, buying back 756,300 shares, representing 0.0164% of its total share capital, for a total of CNY 7,469,047. The repurchases were made at prices ranging from CNY 9.69 to CNY 9.97 per share. The company intends to use the repurchased shares for employee stock ownership plans or equity incentives, with the program's total value expected to be between CNY 250 million and CNY 500 million. The share repurchase price ceiling was adjusted to CNY 13.95 per share following the 2024 annual equity distribution.

Concurrently, Sichuan Changhong Electric has provided significant external guarantees for its wholly-owned subsidiary, Changhong (Hong Kong) Trading Co., Ltd. As of November 3, 2025, the total external guarantee amount stands at CNY 1,469,243.77, exceeding 100% of the company's most recent audited net assets. This includes new guarantees totaling CNY 86,016.16, bringing the cumulative guaranteed amount for Changhong (Hong Kong) to CNY 485,186.41. The guarantees cover various loans from institutions such as China Development Bank Sichuan Branch, Ping An Bank Guangzhou Branch, and Dongguan Bank Hong Kong Branch.