Cnano Technology nearing completion of share repurchase program

Jiangsu Cnano Technology Co., Ltd. has reported the latest progress on its share repurchase plan, initially proposed by chairman Zheng Tao. As of November 30, 2025, the company has cumulatively repurchased 1,142,400 shares through concentrated bidding via the Shanghai Stock Exchange trading system. This represents 0.31% of the company's total share capital of 366,532,021 shares.

The repurchased shares were acquired at prices ranging from a low of 43.46 yuan per share to a high of 60.61 yuan per share. The total amount of funds expended for these repurchases reached 55,690,646.86 yuan, excluding stamp duty and trading commissions. This amount is within the target range of 50 million yuan to 100 million yuan set for the repurchase plan, which aims to use the shares for employee stock ownership plans or equity incentives.

The current repurchase progress aligns with the company's approved repurchase plan and relevant regulations. The repurchase period is set for 12 months from the board approval date of January 10, 2025, to January 9, 2026. The company adjusted its maximum repurchase price from 63.47 yuan per share to 63.32 yuan per share following its 2024 annual equity distribution.