Progress Announcement on the Company's Share Buyback

Shandong Weida Machinery Co., Ltd. (hereinafter referred to as "the Company") held the eighth meeting of the tenth board of directors on April 18, 2026, where it reviewed and approved the proposal on the share buyback plan. The Company agreed to use its own funds or raised funds to repurchase part of the ordinary shares (A-shares) issued by the Company through centralized bidding. The repurchased shares will be used for implementing the employee stock ownership plan and equity incentive plan. The total amount intended for the buyback will not be less than RMB 30 million (inclusive) and not exceed RMB 60 million (inclusive), with a repurchase price not exceeding RMB 20.01 per share (inclusive). The specific number of shares repurchased and the total amount will be based on the actual number of shares and amount at the end of the buyback period, which is within 12 months from the date of the board's approval of this buyback plan. For detailed information, please refer to the announcement titled "Announcement on the Share Buyback Plan" published by the Company on April 21, 2026, in the China Securities Journal, Securities Times, and on the Giant Tide Information Network at http://www