UCloud advances share buyback for employee incentives

UCloud Technology Co., Ltd. has announced progress in its share repurchase program, which began after approvals in September and October 2025. As of November 30, 2025, the company has repurchased 150,000 shares through centralized competitive bidding. This represents 0.033% of the company's total share capital, aligning with the board's decision to use shares for employee stock ownership plans or equity incentives.

The total expenditure for these repurchases stands at CNY 3,527,500, not including transaction fees. Shares were acquired at prices ranging from a minimum of CNY 23.05 per share to a maximum of CNY 23.8 per share. The overall buyback plan, initially disclosed on September 30, 2025, outlined an investment of CNY 8,000,000 to CNY 10,000,000 between October 15, 2025, and April 14, 2026.

UCloud Technology confirmed that the current buyback progress adheres to relevant regulations and the company's approved share repurchase plan. The company is committed to continuing its repurchase efforts within the stipulated period and will provide timely disclosures, advising investors to consider associated risks.