Sangfor Technologies provides update on share buyback progress

Sangfor Technologies Co., Ltd. announced the latest progress on its share repurchase program, approved on January 15, 2025. The company intends to repurchase its own shares to implement an employee stock ownership plan or equity incentive plan. The total amount for this buyback is set between 100 million and 200 million yuan, with a maximum price of 80 yuan per share. The program is set to run for up to 12 months from the approval date.

As of August 31, 2025, Sangfor Technologies has repurchased 364,900 shares, representing 0.09% of its current total share capital. The highest price paid per share was 55.00 yuan, while the lowest was 54.22 yuan. The total transaction amount for these repurchases stands at 19,938,676.00 yuan, excluding transaction fees.

Sangfor Technologies affirmed that the timing, volume, and bid execution of its share repurchases comply with the relevant regulations of the Shenzhen Stock Exchange and its share repurchase plan. The company will continue to implement the buyback program within the designated period, adhering to all disclosure requirements. The company also cautioned investors about the potential risk of its stock price exceeding the maximum repurchase price, which could hinder or partially prevent the full execution of the plan.