Valiant nears completion of share repurchase program

Valiant announced significant progress in its share repurchase program, which commenced on April 23, 2024. As of August 31, 2025, the company had repurchased 1,712,700 shares, accounting for 92.2959225% of the planned repurchase amount of 1,855,849 shares. The highest price paid for these repurchased shares was RMB 13.82 per share, while the lowest was RMB 11.31 per share. The total amount spent on the repurchase, including transaction fees, was RMB 20,868,649.

The company's board of directors approved the repurchase plan on April 24, 2024, with the intention to buy back 1,855,849 shares at a maximum price of RMB 16.45 per share, representing 0.1856% of the company's total share capital. This initiative is designed to enhance shareholder value and optimize the capital structure.

Valiant reiterated that the repurchase will continue according to market conditions and relevant regulations to ensure timely information disclosure and protect investor interests. The company confirms that it will adhere to regulations regarding the timing, pricing, and volume of repurchases, including restrictions on daily trading and maintaining maximum price limits to prevent market manipulation.