Yankuang Energy’s share repurchase plan: No shares acquired by late November

Yankuang Energy Group Co., Ltd. announced the progress of its A-share and H-share repurchase programs. As of November 30, 2025, the company had not yet repurchased any A-shares or H-shares.

The A-share repurchase, approved on August 29, 2025, has a budget of RMB 0.5-1 bn, with a maximum price of RMB 16.90 per share. The repurchase period runs from August 29, 2025, to August 28, 2026, and is intended for employee stock ownership plans or equity incentives, with a three-year term.

The H-share repurchase, also approved on August 29, 2025, has a budget of RMB 1.5-4 bn. The repurchase price for H-shares will not exceed 105% of the average closing price over the five trading days preceding the repurchase. This H-share repurchase is for reducing registered capital, with repurchased shares to be canceled within 10 days.

Yankuang Energy Group confirmed that the repurchase progress aligns with legal and regulatory requirements and its approved plans. The company commits to making timely repurchase decisions based on market conditions and fulfilling information disclosure obligations.