Announcement on the Progress of Share Repurchase
Zhejiang Yinlun Machinery Co., Ltd. (hereinafter referred to as "the Company") held the 36th meeting of the 9th Board of Directors on April 28, 2026, and approved the proposal on the share repurchase plan. The Company agreed to use special loans for stock repurchase and its own funds to repurchase part of the public shares (A-shares) through centralized bidding, for the purpose of implementing equity incentives or employee stock ownership plans. The total amount of funds for the share repurchase will not be less than RMB 50 million (inclusive) and not exceed RMB 100 million (inclusive), with a repurchase price not exceeding RMB 68.00 per share. The specific number of shares to be repurchased and the proportion of total share capital will be based on the actual repurchased quantity at the end of the repurchase period. The implementation period for this share repurchase is no more than 12 months from the date the Board of Directors approved the share repurchase plan. For detailed information, please refer to the announcements titled "Announcement on the Share Repurchase Plan and Obtaining the Commitment Letter for Special Loan for Repurchase" and "Share Repurchase Report," disclosed by the Company on April 29, 2026, and May 12, 2026, in the Securities Times, Shanghai Securities Journal, and the Giant Tide Information Network (http://www.cninfo.com.cn). Due to the Company's implementation of the 2025 annual equity distribu