Wuhan P&S Information Technology announces share repurchase, subsidiary guarantee

Wuhan P&S Information Technology has announced plans to repurchase shares via centralized bidding for cancellation and reduction of registered capital. The company intends to use a dedicated stock repurchase loan and its own funds, with a total amount not less than CNY 20m and not exceeding CNY 30m, at a price not exceeding CNY 15.00 per share. Creditors have 45 days from the November 18, 2025 announcement to claim debts or request guarantees.

The company has secured a loan commitment from China CITIC Bank Wuhan Branch for up to CNY 30m, covering 90% of the actual repurchase amount. This move is aimed at continuously rewarding investors and is deemed not to significantly impact the company's operations, finances, or debt-servicing capabilities.

In a separate development, Wuhan P&S Information Technology provided a joint liability guarantee of CNY 10m to Wuhan Rural Commercial Bank for its wholly-owned subsidiary, Wuhan P&S Information Technology Application Services Co., Ltd. This falls under the CNY 2.255bn guarantee quota approved by shareholders earlier in March 2025. As of the announcement date, the company's total external guarantees amount to CNY 579m, representing 15.53% of its most recent audited net assets.