Fangda Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Important Content Reminder:
- Type of Repurchased Shares: The Company will repurchase its issued ordinary shares (A shares) in RMB.
- Purpose of Repurchased Shares: All repurchased shares will be used for implementing the equity incentive plan. If the Company fails to utilize the repurchased shares within 36 months after the completion of the repurchase, the unutilized repurchased shares will be legally canceled.
- Amount and Source of Repurchase: The total repurchase amount will not exceed RMB 60 million and not be less than RMB 40 million, funded by the Company's own funds.
- Repurchase Price: The price will not exceed RMB 5.38 per share (inclusive), which is 150% of the average trading price of the Company's shares over the 30 trading days prior to the board's approval of the repurchase resolution.
- Number of Shares to be Repurchased: Under the condition that the repurchase price does not exceed RMB 5.38 per share, with the upper limit of RMB 60 million, the estimated number of shares to be repurchased will be no less than 11,152,416 shares, accounting for approximately 1.04% of the Company's total issued share capital; with the lower limit of RMB 40 million, the estimated number will be no less than 7,434,944 shares, accounting for approximately 0.69%. The specific number of repurchased shares will be based on the actual number at the end of the repurchase period.
- Repurchase Period: The repurchase will occur within 12 months from the date of the board's approval of the repurchase plan.
- Shareholder Reduction Plans: As of now, the Company has not received any plans for share increases or decreases from directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares for the next three months, six months, or during the repurchase period. If any of the aforementioned parties propose such plans in the future, the Company will fulfill its information disclosure obligations in a timely manner according to relevant regulations.
- Risk Warning:
(1) There is a risk that the Company's stock price may exceed the upper limit of the repurchase price during the repurchase period, which may lead to the inability to implement the repurchase plan or only partial implementation.
(2) There is a risk that the repurchase may not be implemented due to significant changes in the Company's production, operation, financial condition, external circumstances, or if the board decides to terminate the repurchase plan.
(3) There is a risk that the repurchased shares may not be fully granted due to the failure of the equity incentive plan to be approved by the board or shareholders, or if the incentive targets waive their subscription, leading to the risk of cancellation of ungranted repurchased shares. The Company will implement the repurchase based on market conditions and will fulfill its information disclosure obligations in a timely manner regarding the progress of the repurchase. Investors are advised to pay attention to investment risks.
According to the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Rules for the Repurchase of Shares by Listed Companies, and the Self-Regulatory Guidelines No. 9 for Listed Companies of the Shenzhen Stock Exchange regarding share repurchases, the Company held the second meeting of the 11th board of directors on June 1, 2026, where all directors were present and approved the "Plan for the Repurchase of A Shares through Centralized Bidding." The specific content is as follows: