Ningbo Huaxiang updates on share repurchase progress

Ningbo Huaxiang Electronic initiated a share repurchase program in late 2024, approved by its board and shareholders, with a budget of not less than 30 million yuan and not exceeding 50 million yuan. The repurchase aims to reduce the company's registered capital through concentrated bidding transactions, with an initial price cap of 20.16 yuan per share. Following a 2024 annual equity distribution, the price cap was adjusted to 19.69 yuan per share, effective July 16, 2025.

As of September 30, 2025, the company has repurchased 1,098,000 shares through a dedicated securities account. This accounts for 0.1349% of its total share capital. The aggregate transaction value reached 14,667,961 yuan, excluding transaction fees. The highest price paid per share was 15.66 yuan, while the lowest was 12.43 yuan. These repurchases align with the company's approved plan and relevant regulations, operating within the adjusted price ceiling.

The company has confirmed that its repurchase activities comply with regulatory guidelines regarding timing, volume, pricing, and trading windows. Ningbo Huaxiang Electronic will continue to execute the share repurchase plan as market conditions permit and will ensure timely disclosure of further progress.