Announcement on the Progress of Share Buyback by Sanlisi Co., Ltd.
Sanlisi Co., Ltd. (hereinafter referred to as "the Company") held the 11th meeting of the 8th Board of Directors on October 29, 2025, where it approved the proposal on the share buyback plan. The Company intends to use its own funds and self-raised funds to repurchase shares (A shares) through centralized bidding, aimed at implementing an employee stock ownership plan or equity incentives. The total amount for the buyback will not be less than RMB 30 million (inclusive) and not exceed RMB 60 million (inclusive). The buyback price will not exceed RMB 6.5 per share (inclusive), which is no higher than 150% of the average trading price of the Company's shares over the 30 trading days prior to the board's resolution on the buyback. The implementation period is within 12 months from the date of the board's approval of the buyback plan. For specific details, please refer to the announcement on the share buyback plan disclosed by the Company on October 30, 2025, in the Securities Times, Securities Daily, China Securities Journal, Shanghai Securities Journal, and on the Giant Tide Information Network (http://www.cninfo.com.cn).