Securities Code: 000526 Securities Abbreviation: Xueda Education Announcement Number: 2026-038 Xueda (Xiamen) Education Technology Group Co., Ltd. Repurchase Report
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or significant omissions.
Key Content Highlights:
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Main Content of the Repurchase Plan (1) Type of Shares to be Repurchased: Ordinary shares (A shares) issued by Xueda (Xiamen) Education Technology Group Co., Ltd. (hereinafter referred to as the "Company"). (2) Purpose of Repurchase: In view of the recent continuous decline in the Company's stock price, with the cumulative decline in the closing price exceeding 20% within twenty consecutive trading days (May 15, 2026 - June 11, 2026), based on firm confidence in the Company's future development prospects and judgment of its value, to protect the interests of the vast number of investors, enhance investor confidence, and comprehensively consider the Company's operating conditions, financial situation, and other factors, the Company intends to use its own funds and/or self-raised funds to repurchase the Company's shares through centralized bidding, for the purpose of maintaining the Company's value and shareholder interests. (3) Repurchase Price: Not exceeding RMB 46.50 per share (not exceeding 150% of the average trading price of the shares in the thirty trading days prior to the board resolution on repurchase). (4) Number of Shares and Proportion of Total Share Capital: The total amount of funds for this repurchase shall not be less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive). Under the condition that the repurchase price does not exceed RMB 46.50 per share, calculated based on the upper limit of the repurchase amount, it is estimated that approximately 2,150,537 shares can be repurchased, accounting for about 1.76% of the Company's total share capital as of the announcement date; calculated based on the lower limit of the repurchase amount, it is estimated that approximately 1,075,269 shares can be repurchased, accounting for about 0.88% of the Company's total share capital as of the announcement date. The specific number of shares repurchased shall be subject to the actual number of shares repurchased upon the expiration of the repurchase period. (5) Repurchase Period: Within 3 months from the date of deliberation and approval of the repurchase plan by the Board of Directors. (6) Source of Repurchase Funds: Company's own funds and/or self-raised funds.
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Whether Related Shareholders Have Share Reduction Plans: As of the date of this announcement, the Company has not received any share reduction plans from directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of the shares during the repurchase period. If any share increase or decrease plans are implemented in the future, the Company will fulfill its information disclosure obligations in accordance with relevant regulations.
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Risk Warning (1) There is a risk that the Company's stock price may continuously exceed the upper limit of the repurchase price during the repurchase period, making the repurchase plan unfeasible or only partially implementable. (2) If a major event occurs that significantly affects the Company's stock trading price, or if the Company's production and operation, financial situation, or external objective circumstances undergo significant changes, or if other events occur that cause the Board of Directors to decide to terminate this repurchase, there is a risk that the repurchase plan may not be smoothly implemented, or the repurchase plan may be changed or terminated according to regulations. (3) The repurchased shares are intended to be sold through centralized bidding within the prescribed period (i.e., 12 to 36 months after the announcement of the repurchase results and share change), and if not sold within the aforementioned period, there is a risk that the unsold portion of the shares may be legally cancelled. (4) If regulatory authorities issue new regulatory documents related to share repurchases, there is a risk that the repurchase plan may need to adjust its terms according to the latest regulations of the regulatory authorities during the implementation process.