GoerTek nearing completion of share repurchase program

GoerTek Inc. announced the latest progress of its share repurchase program, which began on April 11, 2025. As of November 30, 2025, the company has cumulatively repurchased 34,497,046 shares through centralized bidding transactions using its own and self-raised funds. This represents 0.97% of the company's total share capital.

The shares were acquired at a maximum price of 34.09 yuan per share and a minimum price of 20.35 yuan per share, with a total payment of 950,080,648.62 yuan (excluding transaction fees). This repurchase falls within the previously approved range of not less than 500 million yuan and not exceeding 1 billion yuan, with a maximum repurchase price of 38.97 yuan per share.

The program, approved on April 10, 2025, aims to use the shares for employee stock ownership or equity incentive plans. GoerTek stated that its implementation of the program complies with relevant laws, regulations, and the approved plan, with the company continuing to execute the program within the stipulated 12-month period.