Sieyuan Electric: no shares acquired at halfway point of buyback period

Sieyuan Electric announced that its share repurchase period has reached the halfway mark, with no shares repurchased to date. The company’s plan, approved by shareholders on June 13, 2025, authorized using proprietary funds to repurchase shares via centralized bidding. The approved repurchase amount ranges from 300 million yuan to 500 million yuan, at a price not exceeding 109.45 yuan per share, with the repurchase period set for 12 months from the approval date.

As of December 12, 2025, Sieyuan Electric’s stock price closed at 152.10 yuan per share, significantly exceeding the approved maximum repurchase price. The company stated it has not implemented the repurchase plan because the stock price has been above the approved limit for most of the period. Furthermore, Sieyuan Electric initiated significant investment projects after July 2025, which, according to relevant regulations, precluded share repurchases during those times.

Sieyuan Electric emphasized its commitment to the repurchase plan and will continue to monitor market conditions and its financial position. The company intends to implement the repurchase at an opportune time within the remaining period, adhering strictly to regulatory requirements for information disclosure.