Zhongtong Bus makes significant progress in share repurchase program

Zhongtong Bus Holding Co. Ltd. announced that as of November 30, 2025, it has repurchased 8,254,900 shares through its dedicated securities account via centralized bidding. This represents 1.39% of the company's current total share capital. The repurchases were executed at a highest price of CNY 11.2 per share and a lowest price of CNY 10.49 per share.

The total transaction value for these repurchases amounted to CNY 88,980,647.86 (excluding transaction fees). The company initiated this repurchase program following a resolution passed on April 24, 2025, with a total budget of not more than CNY 200 million and not less than CNY 100 million. The program is intended for equity incentive or employee stock ownership plans, with a maximum repurchase price of CNY 15 per share.

Following dividend distributions in 2024 and 2025, the maximum repurchase price was adjusted from CNY 15 per share to CNY 14.95 per share as of July 11, 2025, and further to CNY 14.90 per share as of November 12, 2025. The company confirmed that the repurchases comply with relevant laws and regulations.