UCloud begins share buyback program with initial repurchase

UCloud Technology Co., Ltd. announced its first repurchase of company shares through centralized bidding transactions. On November 10, 2025, the company repurchased 100,000 shares, representing 0.022% of its total share capital. The shares were acquired at prices ranging from RMB 23.70 to RMB 23.80 per share, totaling RMB 237,500. This initial buyback falls within the previously approved repurchase plan.

The broader repurchase program, approved on September 29, 2025, and October 15, 2025, aims to repurchase shares worth between RMB 8 million and RMB 10 million. The maximum repurchase price is set at RMB 40.33 per share, with the repurchased shares intended for employee stock ownership plans or equity incentives. The program's duration extends from October 15, 2025, to April 14, 2026.

UCloud confirmed that the current share repurchase adheres to relevant laws and regulations and the company's approved repurchase plan. The company will continue to implement the program as market conditions allow and will fulfill information disclosure obligations.