Cecep Solar Energy updates on share repurchase program progress

Cecep Solar Energy Co., Ltd. announced that as of August 31, 2025, it has repurchased 4,474,800 shares of the company's stock through a dedicated securities account. This represents 0.11% of the company's total share capital as of June 30, 2025, which was 3,918,568,213 shares. The total transaction amount for these repurchases was CNY 19,997,247.00, excluding transaction fees.

The repurchases were executed at a maximum price of CNY 4.52 per share and a minimum price of CNY 4.44 per share, remaining below the adjusted upper limit of CNY 6.63 per share. The company is utilizing its own funds and specific loans to finance this program. The shares are intended to be cancelled to reduce registered capital.

The repurchase program was approved at the company's Eleventh Board of Directors Seventeenth Meeting and the 2024 Annual Shareholders' Meeting, with an initial price ceiling of CNY 6.69 per share. Following the 2024 annual equity distribution, the repurchase price ceiling was adjusted to CNY 6.63 per share, effective July 11, 2025. Cecep Solar Energy will continue to implement the repurchase plan within the designated period, adhering to relevant laws and regulations.