Keli Motor Group begins share repurchase program

Keli Motor Group announced on November 20, 2025, that it initiated its share repurchase program on November 18, 2025. The company repurchased 150,000 A-shares through concentrated bidding, representing 0.02% of its total share capital on the repurchase date. The shares were acquired at an average price of CNY 13.13 per share, totaling CNY 196.88 million (excluding transaction fees).

This initial repurchase is part of a broader plan approved by the board on November 17, 2025, to repurchase shares worth between CNY 1,000 million and CNY 2,000 million, at a price not exceeding CNY 20.94 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives, with the program's duration set for twelve months from the board's approval date.

The company confirmed that the repurchase was funded by its own capital and complied with relevant laws and regulations. Keli Motor Group stated it would continue the repurchase plan based on market conditions and financial arrangements, adhering to timely disclosure requirements.