I. Basic Information on the Share Buyback
Guangdong Shenglu Communication Technology Co., Ltd. (hereinafter referred to as "the Company") approved the proposal for the share buyback at the 14th meeting of the 6th Board of Directors held on January 3, 2025. The Company plans to repurchase a portion of its issued ordinary shares (A shares) through the Shenzhen Stock Exchange system via centralized bidding. The repurchased shares are intended for the implementation of an employee stock ownership plan or equity incentive plan. The total amount for the buyback will not be less than RMB 142.9 million (inclusive) and not exceed RMB 285.8 million (inclusive), with a buyback price not exceeding RMB 10.85 per share (inclusive). The specific total amount, number of shares repurchased, and the proportion of the total share capital will be based on the actual buyback situation upon completion. The funds for the buyback will come from the Company’s own funds and special loans for stock repurchase. The implementation period for the buyback is within twelve months from the approval date of the buyback plan by the 14th meeting of the 6th Board of Directors. On December 17, 2025, the Company held the 20th meeting of the 6th Board of Directors, which approved the extension of the buyback period by 9 months, now set to be completed by September 30, 2026. Other aspects of the buyback plan remain unchanged. For detailed information, please refer to the announcements disclo