Haige Communications begins share repurchase program worth 43.5m yuan

Guangzhou Haige Communications Group Incorporated Company (the company) initiated its share repurchase program on September 2, 2025, by repurchasing 3,184,900 shares through its dedicated securities account via centralized bidding. This accounts for approximately 0.13% of the company's total share capital. The highest price paid for the shares was 13.94 yuan per share, while the lowest was 13.48 yuan per share, with a total transaction value of 43,571,311.00 yuan (excluding transaction fees).

The funds for this repurchase originate from the company's own capital and a dedicated repurchase loan. This action is in accordance with the share repurchase plan approved by the company's board of directors on March 28, 2025, and by shareholders on April 25, 2025. The program aims to repurchase shares for employee stock ownership plans or equity incentives, with an initial budget of 20,000,000 to 40,000,000 yuan.

The repurchase price, initially set at a maximum of 17.60 yuan per share, was adjusted to 17.54 yuan per share following the company's 2024 annual equity distribution. The company plans to continue implementing the repurchase program within the approved timeframe, which is not to exceed 12 months from the date of shareholder approval.