Changzhou Yamaton Co., Ltd. (hereinafter referred to as "the Company") held the fourth meeting of the sixth board of directors on March 31, 2026, where it approved the proposal to change the purpose of repurchased shares and to cancel them. The Company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
To enhance the Company's long-term investment value, improve earnings per share, and further boost investor confidence, the Company intends to change the purpose of the 5,999,987 repurchased shares held in the dedicated repurchase securities account from "for implementing equity incentive plans or employee stock ownership plans" to "for cancellation and reduction of the Company's registered capital." The Company will handle the share cancellation and related procedures as required. This matter still needs to be submitted for shareholder approval, and the relevant details are as follows:
1. Basic Information on Repurchased Shares
The Company held the twenty-third meeting of the fourth board of directors on May 12, 2022, where it approved the proposal for the share repurchase plan, agreeing to use its own funds to repurchase shares through centralized bidding, intended for employee stock ownership plans or equity incentives. The repurchase price was set at no more than RMB 30.00 per share, with a total repurchase amount of not less than RMB 90 million and not more than RMB 180 million. The repurchase period was set for 12 months from the date of board approval. For specific details, please refer to the announcement disclosed by the Company on May 13, 2022, in the Securities Times, China Securities Journal, Shanghai Securities Journal, Securities Daily, and the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No.: 2022-031).