Chengde Lolo surpasses 2% share repurchase mark

Hebei Chengde Lolo Co. Ltd. announced that as of November 3, 2025, it had repurchased 25,800,000 shares, representing 2.45% of its total share capital. The repurchases were conducted through centralized bidding. The highest transaction price was RMB 9.47 per share, while the lowest was RMB 8.23 per share, totaling RMB 235,030,794.59, excluding transaction fees.

The company's board of directors and an extraordinary general meeting, held on October 24, 2024, and November 11, 2024, respectively, approved the share repurchase plan. The plan authorized the repurchase of 30,000,000 to 60,000,000 A-shares, with a total value not exceeding RMB 705,000,000. Due to a 2024 annual equity distribution, the maximum repurchase price was adjusted from RMB 11.75 per share to RMB 11.45 per share.

The repurchases utilized the company's own funds and a dedicated stock repurchase loan. The company confirmed that current repurchase prices align with the adjusted maximum price. The program is scheduled to continue for 12 months from the approval date of the extraordinary general meeting.