Yuyuan Tourist Mart announces A-share repurchase plan

Shanghai Yuyuan Tourist Mart Group Co., Ltd. announced a plan to repurchase its A-shares through centralized competitive bidding, with a total value between 200 million yuan and 300 million yuan. The maximum repurchase price is set at 8.60 yuan per share, not exceeding 150% of the average trading price in the 30 trading days prior to the board resolution. The repurchased shares will be used for employee stock ownership plans or equity incentives, with any unused shares to be canceled within three years.

The repurchase plan, approved by the eleventh board of directors at its forty-sixth meeting on November 10, 2025, will be funded by the company's own and/or self-raised funds. The board also approved a proposal to register and issue short-term financing bills totaling no more than 4 bn yuan to enhance liquidity and optimize financing structure, which will be submitted to a general meeting for approval.

The company's directors, supervisors, senior management, controlling shareholders, and their concerted parties have no plans to reduce their holdings within the repurchase period and the subsequent six months. The repurchase initiative is expected to bolster company value and employee motivation without adversely affecting daily operations, financial stability, or the company's listing status.