Focused Photonics repurchases shares, major shareholder pledges stock

Focused Photonics Hangzhou announced that as of September 30, 2025, it had repurchased 5,250,000 shares, representing 1.17% of its total share capital, through a centralized bidding process. The total amount spent was CNY 98,208,249.00, with prices ranging from CNY 17.48 to CNY 20.82 per share. This repurchase aligns with the plan approved on August 20, 2025, to buy back between CNY 100,000,000 and CNY 150,000,000 worth of shares at a maximum price of CNY 29.50 per share.

Separately, Zhejiang Pudu Technology, a controlling shareholder, completed a share pledge transaction on September 30, 2025, pledging 15,865,000 shares, accounting for 30.61% of its holdings and 3.54% of the company's total share capital, for financing repayment. Following this transaction, Zhejiang Pudu Technology and its affiliates have 84,206,000 shares pledged, representing 77.75% of their total holdings and 18.77% of the company's total share capital. The pledge does not impact the company's operations or governance, and Pudu Technology has no non-operating fund occupation or illegal guarantees.