Basic Information on the Share Repurchase
Guangdong Xinbao Electric Co., Ltd. (hereinafter referred to as "Xinbao Shares," "the Company," or "this Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On April 28, 2026, at the 11th meeting of the 7th Board of Directors, the proposal for the repurchase of part of the public shares was approved. The Company plans to use RMB 50 million to 80 million to repurchase part of its issued ordinary shares (A shares) through centralized bidding, for the implementation of the Company's equity incentive plan and/or employee stock ownership plan. The funding source will be the Company's own funds or self-raised funds, with a repurchase price not exceeding RMB 24 per share (inclusive). Based on the repurchase amount and assuming all shares are repurchased at the maximum price of RMB 24 per share, the estimated number of shares to be repurchased is between 2,083,333 and 3,333,333 shares, accounting for approximately 0.2566% to 0.4106% of the Company's current total issued share capital. The specific amount and number of repurchased shares will be determined upon the expiration of the repurchase period or completion of the repurchase. The implementation period for this share repurchase is within 12 months from the date of the Board's approval of the repurchase plan.