Securities Code: 002374 Securities Abbreviation: Zhongrui Shares Announcement No.: 2026-029
Shandong Zhongrui Industrial Development Co., Ltd.
Announcement on the Results of 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 in this announcement, and that there are no false representations, misleading statements, or material omissions.
Shandong Zhongrui Industrial Development Co., Ltd. (hereinafter referred to as the "Company") held the twelfth meeting of the sixth Board of Directors on July 24, 2024, and deliberated and approved the "Proposal on the 2024 Share Repurchase Plan." The Company planned to use its own funds to repurchase a portion of its shares through centralized bidding, for subsequent implementation of equity incentives or employee stock ownership plans. The number of shares to be repurchased was not less than 1% of the Company's total share capital (i.e., 10,879,538 shares), and not more than 2% of the Company's total share capital (i.e., 21,759,075 shares). The repurchase price did not exceed RMB 2.6 per share (inclusive). The specific number of shares repurchased shall be subject to the actual number of shares repurchased upon the expiration of the repurchase period. The repurchase period was within 12 months from the date the Board of Directors approved the repurchase plan. For details, please refer to the "Resolution of the Twelfth Meeting of the Sixth Board of Directors," "Announcement on the 2024 Share Repurchase Plan," and "Repurchase Report" (Announcement Nos.: 2024-043, 2024-044, 2024-047) disclosed by the Company on the designated information disclosure media and the CNINFO website (www.cninfo.com.cn).