Ningbo Kangqiang Electronics 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 significant omissions.
Important Content Reminder:
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Main Content of the Repurchase Plan
Ningbo Kangqiang Electronics Co., Ltd. will repurchase shares through centralized bidding, with a total fund of no less than RMB 80 million (inclusive) and no more than RMB 130 million (inclusive). The type of shares to be repurchased is the A-shares issued by the Company. The repurchase price will not exceed RMB 34.5 per share. Based on the maximum repurchase fund of RMB 130 million, the estimated number of shares to be repurchased is approximately 3,768,115 shares, accounting for about 1.00% of the Company's current total share capital. Based on the minimum repurchase fund of RMB 80 million, the estimated number of shares to be repurchased is approximately 2,318,841 shares, accounting for about 0.62% of the Company's current total share capital. The implementation period for the repurchase of shares is within 12 months from the date the Board of Directors approves the repurchase plan, with the specific number of repurchased shares based on the actual number repurchased at the end of the repurchase period. The repurchased shares will be used for the subsequent implementation of equity incentive plans and employee stock ownership plans. -
Source of Funds for the Repurchase
The funds for this repurchase will come from self-owned funds or self-raised funds. -
Existence of Shareholding Reduction Plans by Relevant Shareholders
The Company's largest shareholder, directors, and senior management do not have plans to reduce their shareholdings in the Company within the next six months. If there are plans for share reduction during the subsequent repurchase period, the Company will strictly fulfill its information disclosure obligations in accordance with relevant regulations. -
Risk Warning
(1) There is a risk that the Company's stock price may continue to exceed the price range disclosed in the repurchase plan, making the implementation of the repurchase plan impossible.
(2) Due to significant changes in the Company's production, operation, financial status, or external objective conditions, there may be risks of changing or terminating the repurchase plan according to regulations.
(3) If significant events occur that have a major impact on the trading price of the Company's stock or if the Board of Directors decides to terminate the repurchase plan, there is a risk that the repurchase plan cannot be smoothly implemented.
(4) The repurchased shares will be used for equity incentives or employee stock ownership plans, and there may be risks that the repurchased shares cannot be fully granted due to the failure of the equity incentive plan or employee stock ownership plan to be approved by the Board of Directors and shareholders' meeting, or if the incentive objects waive their subscription.
(5) If the repurchased shares are not used for the implementation of equity incentives or employee stock ownership plans within the statutory period after the completion of the share repurchase, there is a risk of cancellation.
(6) The funds for the repurchased shares come from the Company's self-owned funds or self-raised funds. If the funds required for the repurchase cannot be raised, it will lead to the inability to implement the repurchase plan. The Company will make repurchase decisions based on market conditions during the repurchase period and implement them accordingly. Investors are advised to pay attention to investment risks.
According to the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," and "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange - Share Repurchase," in order to further protect the interests of investors, combined with market conditions and the actual situation of the Company, the Company approved this repurchase plan at the tenth meeting of the eighth Board of Directors held on June 1, 2026. The specific content is as follows: