Stock Code: 002827
Stock Abbreviation: Gaosheng Civil Explosives
Announcement Number: 2026-044
Tibet Gaosheng Civil Explosives Co., Ltd.
Announcement on the Progress of Share Repurchase Reaching 1% via Centralized Bidding
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Tibet Gaosheng Civil Explosives Co., Ltd. (hereinafter referred to as the "Company") held the 18th meeting of the Fourth Board of Directors on May 11, 2026. The meeting reviewed and approved the "Proposal on Repurchasing Company Shares by Tibet Gaosheng Civil Explosives Co., Ltd." The proposal agreed that the Company would use its own funds and raised funds totaling no less than RMB 100 million (inclusive) and no more than RMB 200 million (inclusive) to repurchase a portion of the Company's shares through centralized bidding transactions. The repurchased shares will be used for equity incentives or employee stock ownership plans. The repurchase price will not exceed RMB 48.34 per share (inclusive). The implementation period for the share repurchase will be twelve months from the date the Board of Directors approved this share repurchase plan. For specific details, please refer to the "Announcement on the Resolution of the 18th Meeting of the Fourth Board of Directors" (Announcement Number: 2026-021) and the "Announcement on the Share Repurchase Plan" (Announcement Number: 2026-022) published by the Com