Sichuan Jiuzhou completes share repurchase and capital reduction

Sichuan Jiuzhou Electronic announced the completion of its share repurchase cancellation on October 17, 2025. A total of 6,481,887 repurchased shares were cancelled, representing 0.6337% of the company's total share capital before the cancellation. This action reduces the company's total share capital from 1,022,806,646 shares to 1,016,324,759 shares.

The repurchase program was approved by the board on April 17, 2025, and by shareholders on April 29, 2025. The company cumulatively repurchased 6,481,887 shares through centralized bidding, with transaction prices ranging from yuan 14.39 to yuan 16.49 per share, totaling yuan 100,173,246.23 (excluding transaction fees). The repurchase scheme was completed by October 10, 2025.

This share cancellation is expected to enhance shareholder value, optimize capital structure, and improve earnings per share and return on net assets, without impacting the company's operations, financials, R&D capabilities, or debt repayment capacity. Sichuan Jiuzhou's controlling interest remains unchanged, and its listing status is unaffected.