Hunan Silver reports significant progress in share repurchase program

Hunan Silver Company Limited announced significant progress in its share repurchase program as of September 30, 2025. The company repurchased 17,550,000 shares through centralized bidding, representing approximately 0.62% of its total share capital of 2,823,088,600 shares. The repurchases were executed at prices ranging from RMB 4.47 to RMB 6.74 per share, totaling RMB 92,600,588.30 (excluding transaction fees). This initiative aligns with resolutions passed in June, July, and September 2025, authorizing the use of proprietary funds and a dedicated repurchase loan for a restricted stock incentive plan.

The company's repurchase program has a total capital allocation of no less than RMB 60,000,000 and no more than RMB 105,300,000, with a maximum repurchase price of RMB 7 per share. The repurchase period is set for no more than 12 months from the date of board approval.

Hunan Silver affirmed its compliance with the "Self-Regulatory Guidance No. 9 for Listed Companies on the Shenzhen Stock Exchange — Share Repurchase" and other pertinent regulations regarding the timing, volume, and pricing of repurchases. The company has committed to continued implementation of the repurchase plan and will fulfill its information disclosure obligations, advising investors to be aware of potential risks.