Shenzhen Kaizhong Precision Technology Co., Ltd. (hereinafter referred to as "the Company") held the sixteenth meeting of the fifth board of directors on June 1, 2026, where it reviewed and approved the proposal on the cancellation of part of the repurchased shares, reduction of registered capital, and amendment of the articles of association. The Company agreed to cancel 870,679 shares from its repurchased securities account. Following this cancellation, the registered capital and total number of shares will be reduced accordingly, and relevant provisions in the articles of association will be amended. The board also proposed to authorize the management and its representatives to handle the cancellation of these shares, notify creditors, and complete the necessary business registration and filing procedures. This proposal is subject to approval by the shareholders' meeting.
- Repurchased Shares Situation
On April 24, 2023, the Company held the seventeenth meeting of the fourth board of directors, where it approved the proposal for the repurchase of company shares. The Company agreed to use its own funds to repurchase part of its ordinary A shares through centralized bidding for equity incentives or employee stock ownership plans. From April 27, 2023, to September 6, 2023, the Company repurchased a total of 2,075,498 shares through its repurchase securities account, accounting for 0.72% of the total share capital at that time. The highest transaction price was 10.39 yuan/share, the lowest was 9.01 yuan/share, and the average transaction price was 9.63 yuan/share, with a total transaction amount of 19,992,098.54 yuan (excluding transaction fees). Among these, 1,204,819 shares have been used for the Company's 2023 employee stock ownership plan, leaving 870,679 shares. For further details, please refer to the announcement titled "Progress and Completion of Share Repurchase" published on September 8, 2023, on the Giant Tide Information Network (Announcement No. 2023-068).