Securities Code: 002328 Securities Abbreviation: Xinpeng Shares Announcement Number: 2026-005 Shanghai Xinpeng Industrial Co., Ltd. Repurchase Report
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Key Information Highlights:
- Shanghai Xinpeng Industrial Co., Ltd. (hereinafter referred to as the "Company") plans to use its own funds and self-raised funds to repurchase the Company's issued RMB common shares (A shares) through centralized bidding transactions, for subsequent implementation of employee stock ownership plans or equity incentives. The total repurchase amount will be no less than RMB 60 million (inclusive) and no more than RMB 120 million (inclusive). The repurchase price will not exceed RMB 10.00 per share (inclusive), which is no more than 150% of the average trading price of the Company's shares in the thirty trading days prior to the resolution of the repurchase of shares by the Board of Directors. The specific number of shares repurchased shall be subject to the actual number of shares repurchased upon completion of the repurchase or expiration of the period. The implementation period for this share repurchase is within 12 months from the date the Board of Directors approves this repurchase plan.
- As of the date of this announcement, the Company's directors, senior management, controlling shareholders, actual controllers, and shareholders holding more than 5% of the shares and their concerted parties have no plans to increase or decrease their holdings during the repurchase period. If they plan to increase or decrease their holdings in the future, the Company will fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations.
- The Company held the 15th meeting of the Sixth Board of Directors on April 2, 2026, and deliberated and approved the "Proposal on the Company's Share Repurchase Plan." According to the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 9—Share Repurchases" and the "Company Articles of Association," this share repurchase plan can be implemented after the resolution of the Board of Directors with more than two-thirds of the directors present, and does not need to be submitted to the Company's shareholders' meeting for deliberation.
- Recently, the Company has opened a dedicated securities account for share repurchases at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.
- Based on the Company's capital reserves, capital planning, and bank repurchase special loan situation, the funds for this share repurchase can be in place in a timely manner according to the repurchase plan. As of the date of this announcement, the Company has obtained a "Loan Commitment Letter" issued by the Jiading Branch of Shanghai Pudong Development Bank Co., Ltd., which promises to provide the Company with a special loan for share repurchases of no more than RMB 100 million, with a term of no more than 3 years. The actual amount of the loan used will not exceed 90% of the share repurchase amount.