Important Content Reminder:
- Beijing Dabeinong Technology Group Co., Ltd. (hereinafter referred to as "the Company") will repurchase its shares using its own funds through centralized bidding. The type of shares to be repurchased is the publicly issued RMB ordinary shares (A shares). The total amount for the share repurchase is between RMB 50 million and 80 million (inclusive), with the repurchase price not exceeding RMB 5.70 per share (inclusive). This price cap does not exceed 150% of the average trading price of the Company's shares over the 30 trading days prior to the board's approval of the buyback resolution. Based on the upper limit of the repurchase funds and the upper limit of the repurchase price, the estimated number of shares to be repurchased is approximately 14.0351 million shares, accounting for about 0.33% of the Company's current total equity. Based on the lower limit of the repurchase funds and the upper limit of the repurchase price, the estimated number of shares to be repurchased is approximately 8.7719 million shares, accounting for about 0.20% of the Company's current total equity. The specific total amount of funds for the repurchase, the number of shares, and the proportion of the Company's total equity will be subject to the actual occurrence upon the expiration of the repurchase period or completion of the repurchase. The repurchase period is within 12 months from the date of approval of this repurchase plan at the 48th (temporary) meeting of the sixth board of directors. The repurchased shares will be used for equity incentive plans or employee stock ownership plans. If the Company fails to use the repurchased shares for the aforementioned purposes within three years from the completion of the repurchase, the unused portion of the repurchased shares shall be canceled.
- Review Procedure: The proposal for the share buyback plan was approved at the 48th (temporary) meeting of the sixth board of directors held on May 26, 2026.
- The Company has opened a special securities account for the repurchase at the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. The Company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.
- Whether relevant shareholders have any reduction plans: After verification, as of the date of this announcement, the Company's directors, senior management, controlling shareholders, actual controllers, and their concerted actors, as well as shareholders holding more than 5% of the shares and their concerted actors, do not have any clear reduction plans during the repurchase period and the following six months. If the aforementioned parties implement share reduction plans in the future, the Company will fulfill its information disclosure obligations in a timely manner according to relevant regulations.
- Relevant Risk Reminders: (1) There is uncertainty risk that the Company's stock price may continuously exceed the upper limit of the repurchase price disclosed in the plan during the repurchase period, leading to the inability to implement the repurchase plan or only partial implementation. (2) The repurchased shares are intended for equity incentives or employee stock ownership plans, which may face risks of not being granted or fully granted due to reasons such as failure to obtain approval from the board of directors or shareholders' meeting, or the holders or incentive targets waiving subscription. (3) There is a risk that the repurchase may not be implemented as planned due to significant events affecting the Company's stock trading price, or significant changes in the Company's production, operation, financial condition, external objective circumstances, or other factors leading the board of directors to decide to terminate the repurchase plan. (4) This repurchase plan does not represent the actual execution of the Company's final share buyback; the Company will make repurchase decisions based on market conditions during the repurchase period, with risks of adjustments, changes, or termination of the repurchase plan.
According to the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Regulations on Share Buybacks by Listed Companies," "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange - Share Buybacks,