Keli Motor Group completes share repurchase program for employee incentives

Keli Motor Group has announced the successful completion of its share repurchase program, which ran from November 18 to November 26, 2025. The company repurchased 845,700 shares through concentrated bidding on the secondary market, representing 0.11% of its total share capital. The total expenditure for the repurchase amounted to 10,994,900 yuan (excluding transaction fees), with prices ranging from 12.89 yuan to 13.13 yuan per share.

The repurchased shares will be allocated to the company’s employee stock ownership plan or equity incentive scheme. This initiative, approved by the board on November 17, 2025, aimed to repurchase shares worth between 10,000,000 yuan and 20,000,000 yuan, with a maximum price of 20.94 yuan per share. The company affirmed that the repurchase aligns with its disclosed plan and current regulations.

The company stated that the repurchase will not significantly impact its operations, financial status, or debt-servicing capability, nor will it alter the company's control structure or listed company status. All repurchased shares are held in a dedicated securities account and will not carry voting rights, profit distribution, or other shareholder benefits during the holding period.