Guangdong Shaoneng Group completes partial share repurchase and cancellation

Guangdong Shaoneng Group Co., Ltd. announced the completion of the cancellation of 16,208,345 repurchased shares, representing 1.50% of its total share capital prior to the cancellation. This action reduces the company's total share capital from 1,080,551,669 shares to 1,064,343,324 shares. The cancellation was finalized on November 7, 2025.

The share repurchase program, approved in October and November 2024, saw the company repurchase 32,416,645 shares between November 26, 2024, and April 8, 2025. This amounted to 3% of the company's total share capital, with an average transaction price ranging from 4.00 yuan to 5.94 yuan per share, totaling 150,695,341.98 yuan (excluding transaction fees).

The company confirmed that the partial cancellation does not harm the interests of the company or its shareholders, nor does it significantly impact financial, operational, R&D, or debt-servicing capabilities. The change in share capital also ensures compliance with listing requirements and is expected to enhance earnings per share and investor confidence. The company will update its registered capital and Articles of Association.