Jones Tech concludes share repurchase for employee incentives

Beijing Jones Tech Co., Ltd. (Jones Tech) has announced the completion of its share repurchase program, which commenced on April 16, 2025, and concluded on November 21, 2025. The company repurchased 586,000 shares through concentrated bidding, representing 0.1957% of its total share capital. The highest price paid was yuan 45.53 per share, and the lowest was yuan 21.15 per share, with a total transaction value of yuan 15,544,070.00 (excluding transaction fees).

The share repurchase program's price ceiling was adjusted from yuan 30.00 per share to yuan 29.35 per share following the 2024 annual equity distribution. Subsequently, the ceiling was further adjusted to yuan 65.00 per share on November 6, 2025. This move aligns with the company's objective to use the repurchased shares for equity incentives or employee stock ownership plans.

As of the announcement date, Jones Tech's special share repurchase account holds 1,106,000 shares, accounting for 0.3693% of the total share capital. The company confirmed that the repurchased shares will be held in a special account, without voting rights or entitlement to dividends, and will be used for the stated purposes within 36 months or potentially cancelled.