Progress Announcement on the Company's Share Buyback

Hubei Nengte Technology Co., Ltd. (hereinafter referred to as "the Company") held the 33rd meeting of the 7th Board of Directors and the 26th meeting of the 7th Supervisory Board on July 2, 2025, and convened the 5th extraordinary general meeting of shareholders on July 18, 2025. The meetings approved the proposal on share buyback and cancellation, agreeing to use self-owned and self-raised funds totaling no less than RMB 300 million (inclusive) and no more than RMB 500 million (inclusive) to repurchase shares at a price not exceeding RMB 4.70 per share (inclusive). The shares will be repurchased through the centralized bidding trading method on the Shenzhen Stock Exchange, with a buyback period of 12 months from the date of approval by the shareholders' meeting (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 buyback plan. All repurchased shares will be canceled, resulting in a corresponding reduction in registered capital. For detailed information, please refer to the "Buyback