Sinolink securities to cancel repurchased shares, reducing capital

Sinolink Securities Co., Ltd. is set to cancel 7,194,600 repurchased shares on December 5, 2025. This cancellation represents 0.1938% of the company's total share capital before the cancellation. Following this action, the company's total share capital will decrease from 3,712,559,510 shares to 3,705,364,910 shares.

The decision to change the purpose of these repurchased shares from maintaining company value and shareholder equity to cancellation and reduction of registered capital was approved on August 28, 2025, and October 16, 2025. The repurchased shares, totaling 7.1946m, were acquired through centralized bidding transactions with a total cost of CNY 59,466,804.00 (excluding transaction fees), at prices ranging from CNY 7.84 to CNY 8.45 per share.

The company has fulfilled all necessary creditor notification procedures, with the 45-day public notice period concluding without any creditor claims. This share cancellation is not expected to significantly impact the company’s financial condition, operating results, or its listing status. Sinolink Securities will proceed with relevant industrial and commercial registration and filing procedures.