Sunner Development completes share repurchase cancellation

Fujian Sunner Development Co., Ltd. has announced the completion of the cancellation of 220,000 repurchased shares, which were previously designated for its first phase employee stock ownership plan's reserved allocation. This action, involving RMB 4,145,846.28 in repurchased funds, reduces the company's total share capital from 1,243,400,295 shares to 1,243,180,295 shares. The cancellation, confirmed by the China Securities Depository and Clearing Corporation Limited Shenzhen Branch, was finalized on September 23, 2025.

This share capital reduction stems from resolutions passed in the company's Seventh Board of Directors' Fourth Meeting and the Second Extraordinary General Meeting of 2024. The company's total outstanding shares decreased by 0.0177%, impacting only the unrestricted circulating shares, which now stand at 1,225,830,200 shares.

The company affirmed that this share cancellation will not materially affect its operations or financial condition, nor will it lead to changes in its controlling shareholder or actual controller. The company's equity distribution continues to meet listing requirements.