Securities Code: 002429
Securities Abbreviation: Zhaochi Co., Ltd.
Announcement Number: 2026-038
Shenzhen Zhaochi Co., Ltd.
Announcement on the Proposal for Repurchasing Company Shares and Repurchase Report
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 records, misleading statements, or material omissions.
Key Content Highlights:
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Type of shares to be repurchased: Ordinary shares (A shares) of the Company that have been issued.
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Purpose of share repurchase: This repurchase is intended to maintain company value and shareholder equity (for sale). If the purpose of all or part of the repurchased shares is subsequently adjusted for equity incentives or employee stock ownership plans, the Company will, in accordance with relevant requirements, submit it for approval by the authorized decision-making body and fulfill the procedures for board deliberation and information disclosure in a timely manner.
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Total amount and price of share repurchase: The total funds for this repurchase will be no less than RMB 300 million and no more than RMB 500 million. The repurchase price will not exceed RMB 13.99 per share. The specific total amount of funds for this repurchase will be based on the actual amount of funds used.
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Number of shares to be repurchased and proportion of total share capital: Calculated based on the upper limit of the repurchase amount of RMB 500 million at a repurchase price not exceeding RMB 13.99 per share, the estimated number of shares to be repurchased is 35,739,814 shares, accounting for approximately 0.79% of the Company's current total share capital. Calculated based on the lower limit of the repurchase amount of RMB 300 million, the estimated number of shares to be repurchased is 21,443,888 shares, accounting for approximately 0.47% of the Company's current total share capital. The specific number of shares repurchased will be based on the actual number of shares repurchased upon the expiration of the repurchase period.
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Source of funds for share repurchase: The Company's own funds or self-raised funds.
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Method of share repurchase: Centralized bidding.
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Repurchase period: Within 3 months from the date of deliberation and approval of this share repurchase proposal by the Company's Board of Directors.
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As of the disclosure date of this announcement, the Company's directors, senior management, controlling shareholders, actual controllers, and their concerted parties have no definite plans to increase or decrease holdings during the repurchase period. Oriental Pearl New Media Co., Ltd., a shareholder holding more than 5% of the Company's shares, disclosed the "Announcement on the Proposed Transfer of Part of the Shares of Shenzhen Zhaochi Co., Ltd." on Juchao Information Network on April 21, 2026. Apart from this, other shareholders holding more than 5% of the Company's shares and their concerted parties also have no definite plans to increase or decrease holdings in the next six months. If the aforementioned shareholders subsequently plan to implement relevant plans, the Company will strictly follow relevant regulations and fulfill information disclosure obligations in a timely manner.