Hunan Silver raises share repurchase price ceiling to 7 yuan a share

Hunan Silver has decided to increase the upper limit for its share repurchase price from 5 yuan a share to 7 yuan a share, effective September 5, 2025. This adjustment was approved by the company's Sixth Board of Directors at its fifteenth meeting and the Sixth Supervisory Board at its tenth meeting, and does not require a shareholder meeting. The decision was prompted by the company's stock price consistently trading above the original repurchase price cap.

The company's initial share repurchase plan, approved on June 23, 2025, and July 18, 2025, intended to repurchase shares for a restricted stock incentive plan, with a total investment ranging from 60,000,000 yuan to 105,300,000 yuan. As of the announcement date, Hunan Silver has repurchased 10,000,000 shares, representing 0.35% of its total share capital, at an average price of 4.72 yuan a share, totaling 47,202,000 yuan.

The adjustment is a prudent measure, considering the company's recent stock performance and market conditions, and is not expected to materially impact Hunan Silver's operations, financial health, or listing status. The board and supervisory board believe this change will facilitate the successful implementation of the repurchase program without harming the interests of the company or its shareholders.