Shanghai Xinpeng Industrial Co., Ltd.
Announcement on the Completion of Company Share Repurchase and Changes in Share Capital
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Shanghai Xinpeng Industrial Co., Ltd. (hereinafter referred to as the "Company") held its 15th meeting of the Sixth Board of Directors on April 2, 2026, and reviewed and approved the "Proposal on the Company's Share Repurchase Plan." The Company agreed to use its own funds and raised funds (including funds from special loans for share repurchases) to repurchase a portion of its shares through centralized bidding transactions. The total repurchase amount will be no less than RMB 60 million (inclusive) and no more than RMB 120 million (inclusive), with a repurchase price not exceeding RMB 10.00 per share. The repurchase period is 12 months from the date the Board of Directors approved the repurchase plan. The specific amount and number of shares repurchased will be based on the actual amount and number of shares repurchased at the end of the repurchase period. The repurchased shares will be used for equity incentives or employee stock ownership plans. The Company has opened a dedicated securities account for share repurchases with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited and has disclosed the "Repurchase Report." For details, please refer to the "Announcement on the Resolution of the 15th Meeting of the Sixth Board of Directors," the "Announcement on the Company's Share Repurchase Plan and Commitment Letter for Obtaining Special Loans for Share Repurchases," and the "Repurchase Report" published by the Company on April 3, 2026, and April 22, 2026, in the Securities Times, Shanghai Securities News, and the Cninfo website (www.cninfo.com.cn).
As of the date of this announcement, the Company's share repurchase plan has been completed. In accordance with the "Regulations on Share Repurchases by Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 9—Share Repurchases," and other relevant regulations, the implementation results of the Company's share repurchase are hereby announced as follows:
I. Implementation of the Company's Share Repurchase
On June 3, 2026, the Company made its first repurchase of company shares through the dedicated securities account for share repurchases via centralized bidding transactions. For details, please refer to the "Announcement on the First Repurchase of Company Shares" (2026-021) disclosed by the Company on the Cninfo website on June 4, 2026.