Haige Communications completes share buyback for employee incentives

Guangzhou Haige Communications Group Incorporated Company announced the completion of its share repurchase program as of September 5, 2025. The company repurchased 19,503,864 shares through concentrated bidding, representing approximately 0.79% of its total share capital. The total transaction value amounted to yuan 250,791,164.24, excluding transaction fees.

The repurchase period spanned from September 2, 2025, to September 5, 2025. The highest price paid was yuan 13.94 per share, while the lowest was yuan 12.12 per share. The company confirmed that the repurchased shares will be used for an employee stock ownership plan or equity incentive program, in line with the objectives approved by its board of directors and shareholders.

The company stated that the buyback, which adhered to regulatory requirements, will not significantly impact its financial performance, operations, or debt-servicing capabilities. It also confirmed that the program would not alter the company's controlling shareholder or its listed company status.