Yinghe Technology concludes share repurchase program for employee incentive plan

Shenzhen Yinghe Technology Co., Ltd. announced the completion of its share repurchase program, which ran from February 28, 2025, to April 8, 2025. The company repurchased 6,504,400 shares through centralized bidding, representing 1% of its total share capital.

The aggregate transaction amount was RMB 125,431,832, with prices ranging from a high of RMB 21 per share to a low of RMB 15.38 per share. This falls within the previously approved range of not less than RMB 100,000,000 and not more than RMB 200,000,000. The repurchase program was initially approved on January 23, 2025, with an initial price cap of RMB 28.94 per share, later adjusted to RMB 28.82 per share following the 2024 annual equity distribution on August 5, 2025. The company confirmed that its senior management and major shareholders did not trade company shares during the repurchase period.

These repurchased shares will be used for future employee equity incentive plans, aiming to enhance the company's long-term incentive mechanism and align the interests of shareholders, the company, and employees. Yinghe Technology stated that the repurchase would not materially impact its operations, financial position, R&D, debt repayment capabilities, or future development.