Shanghai Yaoji Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Important Content Reminder:
- The Company intends to use its own funds to repurchase part of its ordinary shares (A-shares) through centralized bidding for the purpose of cancellation and reduction of registered capital. The total amount for the repurchase will not be less than RMB 30 million and not exceed RMB 50 million, with a repurchase price not exceeding RMB 25.00 per share. The specific number of shares to be repurchased will be based on the actual number of shares repurchased by the end of the repurchase period, which will not exceed 12 months from the date of approval by the shareholders' meeting (hereinafter referred to as "this share repurchase plan").
- As of the date of this announcement, the Company's directors, senior management, controlling shareholders, actual controllers, and their concerted actors have no clear plans to increase or decrease their holdings of the Company's shares in the next six months and during the share repurchase period.
- Relevant risk reminders:
- (1) This share repurchase plan is subject to approval by the shareholders' meeting, and there is a risk of not obtaining such approval.
- (2) There is a risk that the Company's stock price may continue to exceed the price range specified in the repurchase plan during the repurchase period, making the repurchase difficult to implement.
- (3) There is a risk that the repurchase plan may be changed or terminated due to significant changes in the Company's production, operation, financial condition, or external objective circumstances.
- (4) There may be new regulations and requirements issued by the securities regulatory authorities regarding share repurchases by listed companies, which could require adjustments to this repurchase plan during its implementation.
According to the "Company Law of the People's Republic of China" (hereinafter referred to as "the Company Law"), "Securities Law of the People's Republic of China," "Rules on Share Repurchase by Listed Companies," "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange—Share Repurchase," and the "Articles of Association of Shanghai Yaoji Technology Co., Ltd." (hereinafter referred to as "the Articles of Association"), the Company held the 27th meeting of the sixth Board of Directors on April 29, 2026, and approved the proposal on the share repurchase plan via centralized bidding. The relevant situation is hereby announced as follows:
I. Main Content of the Share Repurchase Plan
(1) Purpose of the Share Repurchase
Based on confidence in the Company's future development prospects and recognition of its long-term value, as well as to enhance investor confidence, the Company intends to repurchase part of its A-shares through centralized bidding. The repurchased shares will be used to reduce registered capital, optimize the Company's capital structure, and effectively protect the interests of investors and the stability of the capital market.
(2) Compliance with Relevant Conditions
This share repurchase matter complies with Article 8 of the "Rules on Share Repurchase by Listed Companies" and Article 10 of the "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange—Share Repurchase," including:
- The Company's stock has been listed for more than six months;
- The Company has had no major illegal activities in the past year;
- After the repurchase, the Company will have the ability to continue operations and fulfill its debt obligations;
- The distribution of the Company's equity should generally meet the listing conditions after the repurchase.