Shandong Sinocera to repurchase shares for equity incentive program

Shandong Sinocera Functional Material Co. Ltd. (SZSE:300285) announced its plan to repurchase company shares, as approved by the sixth board of directors at its fourth meeting on November 6, 2025. The company intends to use its own and self-raised funds for the repurchase through centralized bidding. The total value of the repurchase will be no less than CNY100 million and no more than CNY200 million, with a maximum repurchase price of CNY30 per share.

The repurchase program is intended for an equity incentive or employee stock ownership plan. The implementation period for the share repurchase will not exceed 12 months from the date the board of directors approved the plan. This repurchase falls within the board's approval authority, meaning it does not require a shareholders' meeting for approval.

As of December 2, 2025, the company has not yet initiated the share repurchase. Shandong Sinocera will continue to implement the repurchase plan within the specified period, adhering to relevant laws, regulations, and normative documents while fulfilling its information disclosure obligations.