Haid Group announces significant share repurchase plan

Guangdong Haid Group Co., Ltd. has announced a plan to repurchase its A-share ordinary stock through centralized bidding. The total repurchase amount will range from a minimum of 1 bn yuan to a maximum of 1.6 bn yuan, funded by the company's own capital. The repurchase price per share will not exceed 62.00 yuan. The program is set to commence within five months from the shareholders' meeting approval.

Based on the maximum repurchase amount, the company expects to buy back no less than 25,806,451 shares, representing approximately 1.55% of its total share capital. The repurchased shares will be used for capital reduction through cancellation and to support equity incentive plans or employee stock ownership schemes. 1 bn yuan of the repurchased shares are earmarked for capital reduction, with any amount exceeding 1 bn yuan allocated to equity incentive and/or employee stock ownership plans.

This initiative, approved by the board of directors and shareholders on November 14, 2025, aims to boost investor confidence, improve corporate governance, and establish long-term incentive mechanisms. The company's management has confirmed that the repurchase will not negatively impact its operating, financial, or debt-serving capabilities.