Announcement on the Progress of Share Repurchase by Sijin Intelligent Equipment Co., Ltd.
Sijin Intelligent Equipment Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
The Company held the sixth meeting of the fifth Board of Directors on October 28, 2025, and the second extraordinary general meeting of shareholders in 2025 on November 14, 2025, where it approved the proposal for the share repurchase plan through centralized bidding. The Company agreed to use its own funds to repurchase part of its issued ordinary shares (A shares) for the purpose of implementing equity incentives or employee stock ownership plans in the future. The total amount of funds intended for the share repurchase will not be less than RMB 30 million (inclusive) and not exceed RMB 50 million (inclusive), with a repurchase price not exceeding RMB 20.73 per share (inclusive). The specific number of shares repurchased will be determined based on the actual number of shares repurchased upon the expiration of the repurchase period or completion of the repurchase. The implementation period for the repurchase is within 12 months from the date of approval of this repurchase plan by the general meeting of shareholders.