Changhong adjusts fund, repurchases shares, appoints new securities representative

Sichuan Changhong Electric announced updates to its joint venture capital fund, "Sichuan University-Enterprise Technology Transformation Venture Capital Partnership (Limited Partnership)." The fund's total subscribed capital increased from 303,030,000 yuan to 323,232,000 yuan, with new limited partner Chengdu Advanced Manufacturing Industry Investment Co., Ltd. contributing 20,000,000 yuan. Investor roles were also adjusted, with Sichuan Energy Development Group Co., Ltd. assuming stakes previously held by Sichuan Investment Group and Sichuan Energy Investment Group. Sichuan Changhong's own subscribed capital of 3,000,000 yuan remained unchanged, though its proportion adjusted from approximately 0.99% to 0.93%.

The company also disclosed its share repurchase program, having bought back 2,226,300 shares as of November 28, 2025, representing 0.0482% of its total share capital, at a total cost of 21,752,547 yuan. The repurchase price ranged from 9.32 yuan/share to 10.01 yuan/share, with shares intended for employee stock ownership plans or equity incentives. Concurrently, the board approved a 350,000,000 yuan increase in the registered capital of its subsidiary, Changhong Hithink Information Products Co., Ltd., raising it to 1,150,000,000 yuan.

Furthermore, the board appointed Ms. Xiao Ya as the securities affairs representative, effective November 28, 2025. Ms. Xiao, an economist with a master's degree in business administration, previously held various management roles within Changhong.