Beijing Sifang Automation to repurchase shares, manage idle funds

Beijing Sifang Automation Co., Ltd. will repurchase and cancel 14,000 restricted shares from a former incentive recipient, reducing its registered capital by 14,000 yuan. This action, approved by its board on December 26, 2025, aligns with regulations for equity incentive plans. Creditors have 45 days from the announcement to declare claims or request guarantees.

Simultaneously, the company's board approved using up to 2.1 billion yuan of idle funds for cash management. These funds will be invested in highly secure, low-risk, and liquid wealth management products from banks, securities firms, and trust companies until December 31, 2026. This initiative aims to improve capital utilization and enhance overall profitability without affecting normal business operations.