Beingmate announces progress in share repurchase plan

Beingmate Co., Ltd. (SZSE:002570) announced an update on its share repurchase program, initially approved on April 29, 2025. The company plans to repurchase A shares via centralized bidding, allocating them for future equity incentives or an employee stock ownership plan. The total repurchase amount is capped at CNY300 million, with a minimum of CNY150 million. The repurchase price will not exceed CNY9.06 per share. Based on these figures, the estimated number of shares to be repurchased is 33,112,600, representing approximately 3.07% of the company's current total share capital. As of June 30, 2025, the company has not yet repurchased any shares, but the announcement confirmed that the company will disclose information about the first repurchase fact that occurred on the next trading day in accordance with the relevant regulations. The company said that it will continue to implement the repurchase plan within the repurchase period, based on market conditions.