Cecep Solar Energy advances share repurchase program

As of September 30, 2025, Cecep Solar Energy Co., Ltd. has repurchased 10,930,100 shares through its dedicated securities account via centralized bidding. This accounts for 0.28% of the company's total share capital as of June 30, 2025, which stood at 3,918,568,213 shares. The repurchases were executed at a highest price of CNY 4.81 per share and a lowest price of CNY 4.44 per share, totaling CNY 49,862,897.00 (excluding transaction fees).

The company's board meetings on April 22, 2025, and May 15, 2025, alongside the 2024 annual general meeting, approved a share repurchase plan using proprietary funds and a dedicated stock repurchase loan. The repurchased shares are intended for cancellation to reduce registered capital, with a total investment ranging from CNY 100 million to CNY 200 million. The initial repurchase price ceiling of CNY 6.69 per share was adjusted to CNY 6.63 per share, effective July 11, 2025, following the 2024 equity distribution.

The repurchase period extends for 12 months from the approval date of the repurchase plan at the 2024 annual general meeting. All repurchases have been conducted in compliance with relevant regulations and the company's established repurchase plan, with funds sourced from the company’s own capital and a dedicated stock repurchase loan.