Stock Code: 002102 Stock Abbreviation: ST Nengte Announcement Number: 2026-034
Hubei Nengte Technology Co., Ltd. Announcement on the Progress of Company Share Repurchase
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Hubei Nengte Technology Co., Ltd. (hereinafter referred to as the "Company") held the 33rd meeting of the Seventh Board of Directors and the 26th meeting of the Seventh Supervisory Board on July 2, 2025. On July 18, 2025, the 2025 Fifth Extraordinary General Meeting of Shareholders was held, which deliberated and approved the "Proposal on Repurchasing and Cancelling Shares." It was agreed that the Company would use its own funds and raised funds to repurchase a portion of the Company's shares through the Shenzhen Stock Exchange trading system via centralized bidding, with a total capital amount of no less than RMB 300 million (inclusive) and no more than RMB 500 million (inclusive). The repurchase price would not exceed RMB 4.70 per share (inclusive). The implementation period is 12 months from the date the repurchase plan was approved by the Company's shareholders' meeting (i.e., from July 19, 2025, to July 18, 2026). The specific number of shares repurchased will be based on the actual number of shares repurchased upon completion of the repurchase plan. The repurchased shares will be fully cancelled and the registered capital will be reduced accordingly. For details, please refer to the "Repurchase Report" (Announcement Number: 2025-080) disclosed by the Company on July 19, 2025.