JS Corrugating Machinery begins share buyback program

JS Corrugating Machinery Co., Ltd. has commenced its share repurchase program following approval on October 23, 2025. The company intends to use a minimum of RMB 68.50 million and a maximum of RMB 137.00 million of its own funds and dedicated stock repurchase loans to buy back A-shares. These repurchased shares will be utilized for equity incentives or employee stock ownership plans, with the repurchase price not exceeding RMB 19.00 per share. The program is set to run for a period not exceeding 12 months from the approval date.

As of November 30, 2025, the company has repurchased 1,257,500 shares through its dedicated securities account via centralized bidding. This represents 0.20% of the company's total share capital. The highest price paid per share was RMB 13.64, and the lowest was RMB 12.32. The total amount spent on repurchases to date is RMB 16,482,806.00, excluding transaction fees.

The company confirms that the repurchase price adheres to the maximum limit stipulated in the repurchase plan. JS Corrugating Machinery will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations in accordance with relevant laws and regulations. Investors are advised to be aware of investment risks.