Huachangda Group updates on increased share repurchase program

Huachangda Intelligent Equipment Group has announced the latest progress in its share repurchase program, which commenced on May 19, 2025. As of November 30, 2025, the company has cumulatively repurchased 5.64m shares, representing 0.3968% of its current total share capital. The repurchases were executed at a highest price of CNY 5.51 per share and a lowest price of CNY 5.08 per share, with a total transaction amount of CNY 29,832,877 (excluding transaction fees).

The company initially approved a share repurchase plan on February 28, 2025, with an investment of no less than CNY 22m and no more than CNY 35m. This plan was subsequently revised on November 14, 2025, increasing the total capital for repurchases to no less than CNY 40m and no more than CNY 70m. All repurchased shares are intended for cancellation to reduce registered capital, with the program funded by the company's own capital and special loan funds.

Huachangda Group confirms that its repurchase activities comply with relevant laws, regulations, and the company's established repurchase plan. The company will continue to implement its repurchase plan within the stipulated period, providing timely information disclosure as required.