Sungrow Power plans stock repurchase program

Sungrow Power Supply Co., Ltd. announced the resolution passed at its 16th meeting of the fifth board of directors on April 9, 2025, approving a share repurchase plan. The company intends to utilize its own or raised funds, with an allocation between CNY 300 million and CNY 600 million, to repurchase shares through centralized bidding. The repurchased shares will be used for employee stock ownership or equity incentive plans. This repurchase program is based on the company's confidence in its future prospects and aims to align the interests of shareholders, the company, and its employees. The repurchase will be valid for 12 months from the date of board approval.