2026 Annual Valuation Enhancement Plan
1. Triggering Conditions and Review Procedures
- According to the China Securities Regulatory Commission's "Guidelines for the Supervision of Listed Companies No. 10 - Market Value Management," companies whose stock price has been below the audited net asset value per share for 12 consecutive months must formulate a valuation enhancement plan, which should be disclosed after board approval. Guangdong Tapai Group Co., Ltd. disclosed its "2024 Annual Report" on March 18, 2025. The stock price from January 1, 2025, to March 17, 2025, ranged from 7.19 CNY/share to 7.88 CNY/share, all below the audited net asset value of 10.02 CNY per share for 2023. From March 18, 2025, to December 31, 2025, the stock price ranged from 7.30 CNY/share to 9.69 CNY/share, also below the audited net asset value of 10.03 CNY per share for 2024, necessitating the formulation of a valuation enhancement plan.
- On February 27, 2026, the company held its second meeting of the seventh board of directors, which approved the "2026 Annual Valuation Enhancement Plan" with a vote of 9 in favor, 0 against, and 0 abstentions. This proposal does not require submission to the shareholders' meeting for review.