Newland Digital Technology updates on share buyback progress

Newland Digital Technology Co., Ltd. has announced the progress of its share repurchase program as of October 31, 2025. The company has cumulatively repurchased 14,138,825 shares through its dedicated securities account, representing 1.40% of its current total share capital. The repurchases were executed at a highest price of CNY 30.00 per share and a lowest price of CNY 20.59 per share.

The total amount spent on these repurchases stands at CNY 37,994.85 million, excluding transaction fees. This activity aligns with the company's previously approved repurchase plan, which was authorized by the board of directors on October 25, 2024, and December 3, 2024, and by shareholders on December 4, 2024. The plan aimed to repurchase shares with a total value between CNY 3.50 billion and CNY 7.00 billion, at a price not exceeding CNY 36.79 per share.

The repurchase period extends for 12 months from the date of the shareholder approval. Newland Digital Technology has affirmed that its repurchases conform to relevant laws and regulations and will continue to disclose progress in line with market conditions and funding arrangements.