Announcement on the Progress of Share Buyback by the Company
Suzhou Hengmingda Electronics Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On October 15, 2025, the Company held the 25th meeting of the 3rd Board of Directors, where it reviewed and approved the proposal on the share buyback plan. The Company intends to use its own funds and a special loan for share buyback to repurchase shares through centralized bidding for the employee stock ownership plan or equity incentive. The total amount for this share buyback will not be less than RMB 200 million (inclusive) and not exceed RMB 400 million (inclusive), with a repurchase price not exceeding RMB 67.12 per share (inclusive). The implementation period for the share buyback is no more than 12 months from the date of approval by the Board of Directors. For specific details, please refer to the announcement titled "Announcement on the Share Buyback Plan and the Commitment Letter for the Special Loan for Buyback" disclosed by the Company on October 16, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn).