- Securities Code: 002195
Securities Abbreviation: Yanshan Technology
Announcement Number: 2026-028
Shanghai Yanshan Technology Co., Ltd. and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:
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Shanghai Yanshan Technology Co., Ltd. (hereinafter referred to as "the Company") intends to use its own funds (not less than 30% of the audited net profit attributable to shareholders of the listed company for the year 2025) to repurchase part of the public shares through centralized bidding. The repurchased shares will be used to reduce the company's registered capital and will be canceled within ten days after the completion of the repurchase. The total amount of funds for this repurchase (including transaction fees) will not be less than RMB 30 million (including this amount, not less than 30% of the audited net profit attributable to shareholders of the listed company for the year 2025) and will not exceed RMB 40 million (including this amount), with a repurchase price not exceeding RMB 14.11 per share. The specific total amount of funds for the repurchase (including transaction fees) will be based on the actual amount used, and the specific number of shares repurchased will be based on the actual number of shares repurchased at the end of the repurchase period or upon completion of the repurchase. The implementation period for this repurchase is within six months from the date the company's shareholders' meeting approves the repurchase plan. Starting from the date of the company's 2025 annual equity distribution ex-rights and ex-dividends (i.e., June 2, 2026), the company will adjust the upper limit of the repurchase price according to relevant regulations. After calculation, the upper limit of the company's repurchase price remains RMB 14.11 per share after adjustment (calculation method: adjusted upper limit of the repurchase price = upper limit of the repurchase price before adjustment - cash dividend per share, rounded to two decimal places).
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The company's sixth meeting of the ninth board of directors held on April 27, 2026, and the annual shareholders' meeting held on May 20, 2026, respectively approved the proposal on "Repurchasing part of the public shares and cancellation plan."
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The company disclosed the announcement on "Proposed Repurchase of Shares to Reduce Registered Capital and Notify Creditors" on May 21, 2026. The company opened a special securities account for repurchased shares at the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. on May 29, 2026.
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Company director and senior management Mr. Chen Yubing reduced his holdings by a total of 16,669,500 shares (approximately 0.2940% of the company's total share capital) through centralized bidding from April 29, 2026, to May 11, 2026. Senior management Mr. Huang Guomin reduced his holdings by a total of 233,600 shares (approximately 0.0041% of the company's total share capital) during the same period. For specific details, please refer to the company's announcements on February 13, 2026, and May 13, 2026, titled "Pre-disclosure of Share Reduction by Directors and Senior Management" (Announcement Number: 2026-008) and "Announcement of Completion of Share Reduction by Directors and Senior Management" (Announcement Number: 2026-023).
Except for the above circumstances, the company's directors, senior management, controlling shareholders, actual controllers, and their concerted actors have not traded the company's shares within six months prior to the announcement of the shareholders' meeting resolution on the repurchase of shares. As of the date of this report, except for the above circumstances, the company has not received any plans for increasing or decreasing holdings from directors, senior management, controlling shareholders, actual controllers, and their concerted actors, or shareholders holding more than 5% during the period of repurchase and cancellation of shares, as well as plans for the next three months or six months. If any relevant plans are received subsequently, the company will fulfill its information disclosure obligations in a timely manner according to relevant regulations, and investors are advised to pay attention to investment risks.