Zhongtong bus adjusts share buyback price after equity distribution

Zhongtong Bus Holding Co., Ltd. has announced an adjustment to the upper limit of its share repurchase price, effective November 12, 2025. The repurchase price ceiling, previously set at 14.95 yuan per share, has been revised to 14.90 yuan per share following the company's 2025 interim equity distribution.

This adjustment stems from the company's decision, approved at its 2024 annual general meeting, to repurchase shares for equity incentives or employee stock ownership plans, with a total value between 100 million yuan and 200 million yuan. The original repurchase price limit was 15 yuan per share.

The 2025 interim equity distribution, resolved at the eleventh board meeting, saw a cash dividend of 0.50 yuan per 10 shares (including tax) distributed to shareholders as of November 11, 2025, with the ex-dividend date on November 12, 2025. The calculation for the new buyback price ceiling is 14.95 yuan per share minus 0.0494500 yuan per share, which is the cash dividend per share based on the total share capital.