002681SZSE

Announcement on the Results of Share Buyback and Changes in Shares

✨ AI Summary

Shenzhen Fenda Technology Co., Ltd. completed its share buyback plan, repurchasing 12,862,977 shares, accounting for 0.72% of total shares. The buyback was executed at a total cost of approximately RMB 77.79 million. The repurchased shares will be used for employee stock ownership and incentive plans, enhancing the company's long-term incentive mechanisms without affecting its operational stability or control.

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Full Translation

AI Translation· azure_openai

Shenzhen Fenda Technology Co., Ltd. (hereinafter referred to as "the Company") guarantees that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions. On April 8, 2025, the Company held the 17th meeting of the 5th Board of Directors, which approved the proposal for the share buyback. The Company decided to use its own funds or self-raised funds to repurchase part of the issued RMB ordinary shares (A shares) through centralized bidding, for the purpose of implementing an equity incentive plan or employee stock ownership plan. The buyback price will not exceed RMB 12 per share, with a total buyback amount of no less than RMB 50 million (inclusive) and no more than RMB 100 million. The buyback period is set for no more than 12 months from the date of the Board's approval of the buyback plan. For specific details, please refer to the relevant announcements disclosed by the Company in the Securities Times, Shanghai Securities Journal, and the Giant Tide Information Network (http://www.cninfo.com.cn).

As of the date of this announcement, the Company's share buyback plan has been completed. In accordance with the "Regulations on the Buyback of Shares by Listed Companies" and the "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange - Buyback of Shares," the results of the buyback and changes in shares are announced as follows:

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