NARI Technology updates on share repurchase and escrow account management

NARI Technology Co., Ltd. is progressing with its share repurchase program, initiated on April 15, 2025, with a proposed repurchase value between 500 million yuan and 1 billion yuan. As of November 30, 2025, the company had repurchased 20,947,491 shares, representing 0.261% of its total share capital, for a total of 461,634,688.09 yuan, excluding transaction fees. The repurchase prices ranged from 21.71 yuan to 22.31 yuan per share, with shares intended for an employee stock ownership plan or equity incentive.

NARI Technology also established dedicated escrow accounts for its raised funds, including those from a 2018 non-public offering which generated net proceeds of 6,020,040,632.51 yuan. As of November 27, 2025, the company and its subsidiaries held a total of 1,534,360,299.43 yuan across various escrow accounts, including structured deposits. A subsidiary, NARI Semiconductor, opened a special escrow account to temporarily supplement working capital with 245 million yuan from idle raised funds, with a balance of 0.00 yuan as of November 27, 2025. These accounts are subject to four-party supervision agreements.