Sangfor Technologies updates on share repurchase program progress

Sangfor Technologies Co., Ltd. announced progress on a share repurchase program approved by its board of directors on January 15, 2025. The program, for employee stock ownership or incentive plans, aims to repurchase shares with proprietary funds via concentrated bidding. The total value of repurchases will be no less than RMB100 million and no more than RMB200 million, at a maximum price of RMB80 per share. The repurchase period is up to 12 months from the board's approval date.

As of November 30, 2025, Sangfor Technologies has cumulatively repurchased 364,900 shares through its dedicated securities account for share repurchases. This represents 0.09% of the company's current total share capital. The highest transaction price was RMB55.00 per share, and the lowest was RMB54.22 per share. The total transaction amount, excluding fees, reached RMB19,938,676.00.

The company confirms that the timing, quantity, and transaction prices of the repurchases comply with "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 9 – Share Repurchases" and its own repurchase plan. Sangfor Technologies will continue to implement the repurchase plan and fulfill information disclosure obligations, while cautioning investors about potential risks of the stock price exceeding the maximum repurchase price.