Fenda Technology begins share repurchase program to boost value

Shenzhen Fenda Technology Co., Ltd. initiated its share repurchase program on September 2, 2025, acquiring 600,000 shares through centralized bidding. This accounts for 0.03% of the company's total share capital. The repurchase was executed at prices ranging from RMB 7.73 to RMB 7.78 per share, totaling RMB 4,653,000.00 (excluding transaction fees).

The company's board of directors approved the repurchase plan on April 8, 2025. The program aims to use company-owned or borrowed funds to repurchase shares for an employee stock ownership or stock option plan. The total repurchase amount is set between RMB 50,000,000 and RMB 100,000,000, with a maximum repurchase price of RMB 12 per share, over a period not exceeding 12 months from the board's approval date.

Funding for this repurchase comes from Fenda Technology's own capital and dedicated stock repurchase loan funds. The company assured that the initial repurchase strictly adheres to the approved plan and relevant legal and regulatory requirements, and commits to continued disclosure during the specified period.