Keli Motor Group announces buyback plan amid chairman’s share reduction

Keli Motor Group announced a plan to repurchase its A-share public shares through centralized competitive bidding, with a total value between 10 million yuan and 20 million yuan. The buyback price will not exceed 20.94 yuan per share. This initiative, approved by the board of directors on November 17, 2025, aims to implement an employee stock ownership plan or equity incentive.

The estimated repurchase volume ranges from 477,600 shares to 955,100 shares, representing 0.06% to 0.13% of total share capital. Keli Motor Group confirmed the repurchase will use its own funds and will not negatively impact its operations, finances, R&D, debt repayment capacity, or listed status.

The share repurchase period is set for twelve months from the board's approval date. The company also disclosed an existing share reduction plan by controlling shareholder, chairman Nie Pengju, to sell up to 14.875 million shares (2% of total share capital) via block trades between October 28, 2025, and January 23, 2026.