Securities Code: 002576
Securities Abbreviation: Tongda Power
Announcement Number: 2026-024
Jiangsu Tongda Power Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Important Content Reminder:
- Upper limit of repurchase price before adjustment: not exceeding RMB 27.10 per share (inclusive)
- Upper limit of repurchase price after adjustment: not exceeding RMB 27.02 per share (inclusive)
- Start date for adjustment of upper limit of repurchase price: June 10, 2026 (the date of ex-dividend for the Company's 2025 annual equity distribution)
I. Basic Information on Share Repurchase
Jiangsu Tongda Power Technology Co., Ltd. held the 11th meeting of the 6th Board of Directors on April 9, 2025, and approved the proposal on share repurchase. The Company agreed to repurchase part of its ordinary shares (A shares) using its own funds through centralized bidding, for the purpose of implementing an employee stock ownership plan or equity incentives. The repurchase price shall not exceed RMB 15 per share, with a total repurchase amount not less than RMB 30 million (inclusive) and not exceeding RMB 50 million (inclusive). The specific number of shares to be repurchased and the proportion of total share capital will be based on the actual number of shares repurchased at the end of the repurchase period, which shall not exceed 12 months from the date of the Board's approval of the repurchase plan. For details, please refer to the announcements published on April 10, 2025, and April 12, 2025, in the designated information disclosure media "Securities Times," "China Securities Journal," "Shanghai Securities Journal," and the Giant Tide Information Network (http://www.cninfo.com.cn) regarding the "Announcement on the Share Repurchase Plan" (Announcement Number: 2025-002) and the "Share Repurchase Report" (Announcement Number: 2025-004).