Huaming Power Equipment Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
On May 18, 2026, the Company held the ninth meeting of the seventh Board of Directors, which reviewed and approved the proposal regarding the allocation of reserved shares for the 2025 Employee Stock Ownership Plan (hereinafter referred to as "the ESOP"). The allocation of reserved shares for the ESOP has been agreed upon. For specific details, please refer to the relevant announcements disclosed by the Company on May 19, 2026, in designated information disclosure media including "Securities Times," "Securities Daily," "Shanghai Securities Journal," "China Securities Journal," and the Giant Tide Information Network (http://www.cninfo.com.cn).
According to the "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies" and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Main Board Listed Companies," the latest progress of the ESOP is announced as follows:
1. Source and Quantity of Shares for the ESOP
The shares for the ESOP are sourced from the Company's repurchase special account for Huaming Equipment A-shares. On February 28, 2025, the Company held the fifteenth meeting of the sixth Board of Directors, which reviewed and approved the proposal regarding the share repurchase plan. On July 3, 2025, the Company disclosed the announcement regarding the adjustment of the maximum repurchase price after the distribution of 2024 annual equity. On July 4, 2025, the Company held the second meeting of the seventh Board of Directors, which reviewed and approved the proposal to adjust the share repurchase plan. For specific details, please refer to the relevant announcements disclosed by the Company in designated information disclosure media.
As of the date of this non-transaction transfer, the Company has repurchased a total of 13,820,809 shares of its issued ordinary shares (A-shares) through the special securities account for share repurchase via centralized bidding, accounting for 1.54% of the Company's total share capital. The highest transaction price for the repurchased shares was 17.80 RMB/share, the lowest was 14.74 RMB/share, and the total transaction amount was 220,724,415.58 RMB (excluding transaction fees). The repurchased shares are intended to be used entirely for the implementation of the ESOP or equity incentives, and the share repurchase plan has been completed. For specific details, please refer to the relevant announcements disclosed by the Company on the Giant Tide Information Network.