Securities Code: 002373 Securities Abbreviation: E-Town Dragon Technology Announcement Number: 2026-048 Beijing E-Town Dragon Technology Co., Ltd. Announcement on the Proposed Plan for Repurchasing Company Shares via Centralized Bidding and Buyback Report The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Key Information Highlights:
- Amount and Purpose of Share Repurchase: Beijing E-Town Dragon Technology Co., Ltd. (hereinafter referred to as the "Company") plans to repurchase shares with a total capital of no less than RMB 100 million (inclusive) and no more than RMB 200 million (inclusive). The repurchased shares will be used for employee stock option plans, equity incentives, and to maintain the Company's value and shareholder rights (shares repurchased for maintaining company value and shareholder rights will be fully sold). If the repurchased shares are not fully utilized within 36 months after the completion of the share repurchase, the unused repurchased shares will be cancelled.
- Repurchase Price: The repurchase price shall not exceed RMB 12.42 per share, which is no higher than 150% of the average trading price of the Company's shares in the 30 trading days prior to the resolution of the Board of Directors on this repurchase plan.
- Repurchase Period: If the repurchased shares are used for employee stock option plans or equity incentives, the repurchase period shall not exceed 6 months from the date the Board of Directors approves this share repurchase plan. If the repurchased shares are used to maintain the Company's value and shareholder rights, the repurchase period shall not exceed 3 months from the date the Board of Directors approves this share repurchase plan.
- Source of Repurchase Funds: The Company's own funds or self-raised funds.
- Risk Warnings: (1) If the Company's stock price continues to exceed the price range disclosed in the repurchase plan, there is a risk that the repurchase plan cannot be implemented. (2) If the funds required for the repurchase of shares are not in place in a timely manner, there is a risk that the repurchase plan cannot be implemented as planned. (3) There is a risk that the repurchased shares may not be fully granted due to reasons such as the equity incentive or employee stock option plan not being approved by the Company's Board of Directors and shareholders' meeting, or the subjects of the equity incentive or employee stock option plan waiving their subscription rights. If such a situation occurs, there is a risk that the repurchased but ungranted shares will be cancelled. (4) If a major event occurs that has a significant impact on the Company's stock trading price, or if the Board of Directors decides to terminate this repurchase plan, there is a risk that the repurchase plan cannot be smoothly implemented.
The Company will strive to promote the smooth implementation of this repurchase plan while ensuring normal operations. If the aforementioned risks lead to the inability to implement this repurchase plan, the Company will revise the repurchase plan and fulfill the deliberation and information disclosure procedures in accordance with relevant laws and regulations and the Company's articles of association, and will implement or terminate the plan as appropriate. The Company will fulfill its information disclosure obligations in a timely manner based on the progress of the repurchase matter, and investors are advised to pay attention to investment risks.
I. Deliberation and Implementation Procedures for the Repurchase Plan On June 17, 2026, the Company's Sixth Board of Directors' Eighteenth Meeting deliberated and approved the "Proposal on the Proposed Plan for Repurchasing Company Shares via Centralized Bidding." In accordance with Articles 23 and 25 of the "Company's Articles of Association," this share repurchase plan does not require submission to the Company's shareholders' meeting for deliberation.