MeiG Smart Technology initiates share buyback, repurchases 0.22% of capital

MeiG Smart Technology Co., Ltd. initiated its share repurchase program on December 27, 2024. As of August 31, 2025, the company has cumulatively repurchased 568,500 shares through centralized bidding, representing 0.22% of its total share capital. The highest transaction price was CNY 34.67 per share, while the lowest was CNY 29.01 per share. The total capital expended, excluding transaction fees, amounts to CNY 17,947,344.00.

The share repurchase plan was approved by the company's board of directors on November 1, 2024, and by the extraordinary general meeting on November 14, 2024. The plan permits the company to use its own funds or special loan funds to repurchase A-share public shares for cancellation and reduction of registered capital. The total repurchase amount is set to be no less than CNY 30,000,000 and no more than CNY 60,000,000, with a maximum repurchase price of CNY 35.15 per share.

The implementation period for the repurchase is within 12 months from the date of approval by the shareholders' meeting. The company will continue to implement the repurchase plan within the stipulated period, adhering to relevant laws and regulations, and will disclose further progress as required.