Guanghui Logistics updates on share buyback and controlling shareholder pledge

Guanghui Logistics is progressing with its share repurchase program, having bought back 14,770,400 shares for a total of RMB 84,985,433.60 as of November 30, 2025. This represents 1.24% of its total share capital. The company aims to reduce its registered capital by cancelling these shares. The repurchase period has been extended to April 30, 2026, with an adjusted price cap of RMB 11.00 per share.

In a separate development, Guanghui Group, the controlling shareholder, has pledged an additional 11,000,000 shares of Guanghui Logistics on December 1, 2025. This new pledge, for financing purposes, increases the total number of pledged shares by Guanghui Group and its affiliates to 379,952,400 shares, representing 31.84% of Guanghui Logistics' total share capital.

Guanghui Group reported strong financial health, with future maturing pledges totaling RMB 50,300萬元 within one year, and confirmed no adverse impact on company operations or governance from the pledge.