Beijing Sifang Automation to repurchase restricted shares after performance issues

Beijing Sifang Automation (SSE:601126) is set to repurchase and cancel 25,000 restricted shares from its "Qihang No. 2" stock incentive plan. The decision, approved by the company's Eighth Board of Directors on October 28, 2025, follows one incentive recipient's departure, accounting for 10,000 shares, and another's failure to meet performance targets, leading to the repurchase of 15,000 shares. The cancellation is expected to be completed by December 18, 2025.

The repurchase price per share is adjusted to 6.27 yuan, down from 6.99 yuan, after a cash dividend of 0.72 yuan per share paid on May 22, 2025. The total cost for this repurchase and cancellation will be 156,750 yuan, funded by the company's own capital.

Following the action, Beijing Sifang Automation's total share capital will decrease from 833,208,500 shares to 833,183,500 shares. The number of restricted shares will reduce by 25,000 to 8,098,100 shares, maintaining their 0.97% proportion. Unrestricted shares remain unchanged. The company confirmed that this action will not alter the controlling shareholder or actual controller and that its equity distribution will continue to meet listing requirements.