The company, Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. (hereinafter referred to as "the Company"), on May 13, 2025, at the 17th meeting of the 5th Board of Directors, approved the proposal regarding the share buyback plan. The Company will use its own funds for the buyback, and the total number of shares to be repurchased will not exceed 4,000,000 shares (inclusive), with a maximum price of 17.00 CNY per share. If the buyback amount reaches 4,000,000 shares, the total amount will be 68,000,000 CNY. The buyback plan is expected to last for 12 months from the date of approval.
The Company will disclose the specific details of the buyback plan on June 25, 2025, regarding the implementation of the buyback.
Specifics of the Share Buyback
Based on the share buyback regulations of the Shenzhen Stock Exchange, the Company is currently in the process of repurchasing shares under the following conditions:
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The time of the share buyback, the number of shares to be repurchased, and the price of the shares will comply with the relevant regulations of the Shenzhen Stock Exchange.
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The Company may adjust the buyback plan based on market conditions.
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The Company will continue to monitor the market situation and implement the buyback plan accordingly, ensuring compliance with relevant laws and regulations.