Shanghai Yanshan Technology Co., Ltd. (hereinafter referred to as "the Company") guarantees that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
On April 27, 2026, at the sixth meeting of the ninth board of directors and on May 20, 2026, at the 2025 annual shareholders' meeting, the Company reviewed and approved the proposal on the buyback of part of the public shares and cancellation plan. 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 from the completion of the buyback.
The total amount for the buyback (including transaction fees) will not be less than RMB 30 million (including this amount) and not more than RMB 40 million (including this amount), with a buyback price not exceeding RMB 14.11 per share. The specific total amount for the buyback (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 buyback period or upon completion of the buyback. The implementation period for this buyback is within six months from the date the shareholders' meeting approved the buyback plan. For specific details, please refer to the Company's "Buyback Report" disclosed in the China Securities Journal, Shanghai Securities Journal, Securities Daily, Securities Times, and the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No. 2026-028).
According to the "Regulations on Share Buybacks by Listed Companies" and the "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange - Share Buybacks," the Company hereby announces the situation regarding its first share buyback and the results of share changes as follows: