Wuxi Honghui New Materials Technology Co., Ltd. (hereinafter referred to as "the Company" or "Honghui New Materials") held its sixth board meeting on March 5, 2026, and approved the proposal regarding the cancellation of repurchased shares and the reduction of registered capital, as well as the amendment of the Articles of Association. The Company will cancel 1,056,100 shares, reducing the registered capital from 182,301,990 shares to 181,245,890 shares.
I. Situation of Repurchased Shares
On August 15, 2025, the Company held its sixth board meeting, and on September 5, 2025, it convened the second extraordinary general meeting of 2025, which approved the repurchase plan for the Company's shares. The Company has repurchased 1,056,100 shares at an average transaction price of 13.01 yuan/share, with the highest transaction price being 13.24 yuan/share. The total payment for the shares was 13,497,198 yuan (excluding transaction fees). Specific details will be disclosed in the announcement on March 5, 2026.
II. Changes in Share Capital After Repurchase
After the completion of the repurchase, the Company's total share capital will be reduced from 182,301,990 shares to 181,245,890 shares. The changes in share capital structure are as follows:
| Share Type | Before Change | Change Amount | After Change |
|---|---|---|---|
| Restricted Shares | 31,575,823 | 0 | 31,575,823 |
| Unrestricted Shares | 150,726,167 | -1,056,100 | 149,670,067 |
| Total | 182,301,990 | -1,056,100 | 181,245,890 |