Hengmingda share repurchase program reaches 2% of total capital

Suzhou Hengmingda Electronic Technology Co., Ltd. announced its share repurchase program has reached 2.00% of the company's total share capital. As of November 24, 2025, the company repurchased 5,124,000 shares through centralized bidding.

The repurchases were executed at a maximum price of CNY 51.00 per share and a minimum price of CNY 42.22 per share. The total transaction value amounted to CNY 243,953,241.79 (excluding transaction fees). This aligns with the previously approved plan to buy back shares worth no less than CNY 200,000,000 and no more than CNY 400,000,000, at a price not exceeding CNY 67.12 per share.

The program, approved by the board on October 15, 2025, is for employee stock ownership plans or equity incentives and is set to be completed within 12 months.