Leo Group plans sale of repurchased shares

Leo Group (002131) held its 17th meeting of the 7th Board of Directors on October 15, 2025, approving a plan to reduce its repurchased shares. The company intends to sell up to 135,435,000 shares, representing no more than 2% of its total share capital, through centralized bidding. This sale will occur within six months following 15 trading days from the announcement date, with the proceeds dedicated to supplementing the company's working capital.

The company completed its share repurchase program by September 20, 2024, acquiring 278,236,043 shares, or 4.11% of its total share capital, at an aggregate cost of 400,367,917.06 yuan. The highest price paid per share was 1.57 yuan, and the lowest was 1.36 yuan. The current proposed sale aims to fulfill the commitment regarding the disposal of repurchased shares, as outlined in its repurchase report dated June 25, 2024.

Upon completion of the sale, the number of unrestricted shares held in the special repurchase account will decrease from 278,236,043 shares (4.11% of total share capital) to 142,801,043 shares (2.11%). This move is not expected to alter the company's control or total share capital. The company emphasizes that the reduction plan is subject to market conditions and stock price, carrying inherent uncertainties in execution time, volume, and price.