Securities Code: 300001
Securities Abbreviation: TGOOD
Announcement Number: 2026-070
Qingdao TGOOD Electric Co., Ltd.
Share Repurchase Report
The Company and the entire 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.
Key Information Highlights:
-
Type of shares to be repurchased: A-shares, non-restricted
-
Total amount of funds for share repurchase: Not less than RMB 300 million (inclusive) and not exceeding RMB 600 million (inclusive).
-
Purpose of proposed share repurchase: Equity incentive or employee stock ownership plan
-
Price range for share repurchase: Not exceeding RMB 50 per share (inclusive).
-
Source of funds for share repurchase: Own funds or self-raised funds
-
Number of shares to be repurchased and proportion of total share capital: Based on the upper and lower limits of the repurchase fund and the upper limit of the repurchase price, the estimated number of shares to be repurchased is approximately 6,000,000 to 12,000,000 shares, accounting for approximately 0.57% to 1.14% of the Company's total share capital as of the disclosure date of this announcement. The specific number of shares repurchased shall be subject to the actual number of shares repurchased upon expiration of the repurchase period.
Shareholder Reduction Plans: As of the disclosure date of this announcement, the Company's directors, senior management, controlling shareholders and their concerted parties, actual controllers, and shareholders holding more than 5% of the shares have no plans to reduce their holdings of the Company's shares in the next 3 months or 6 months. If the above entities implement share reduction plans in the future, the Company will strictly comply with the relevant laws and regulations and fulfill information disclosure obligations in a timely manner.
I. Main Contents of the Repurchase Plan
(I) Purpose of Repurchasing Shares
Based on confidence in the Company's future development and recognition of its long-term value, to enhance investor confidence, and to further establish and improve the Company's long-term incentive mechanism, fully mobilize employees' enthusiasm and creativity, and closely integrate shareholder interests, company interests, and individual employee interests, thereby promoting the Company's healthy and sustainable development, the Company proposes to use its own funds or self-raised funds to repurchase a portion of the Company's shares through centralized bidding transactions, and in the future, at an appropriate time, use the repurchased shares for equity incentives or employee stock ownership plans.
In the future, based on the equity incentive or employee stock ownership plan using the repurchased shares, the Company will focus on the international expansion of high-voltage prefabricated substation markets, the development of computing power center infrastructure "Computing Power Islands" and integrated computing power construction, and core talent incentives and training in high-growth fields such as heavy-duty truck supercharging and autonomous charging, to provide systematic talent strategic support for the development of the Company's new growth curves.
(II) Conditions for Share Repurchase
The Company's share repurchase complies with the relevant conditions stipulated in Article 10 of the "Shenzhen Stock Exchange Listed Company Self-Regulation Supervision Guide No. 9 - Share Repurchases":
-
The Company's shares have been listed for more than six months;
-
The Company has no major illegal acts in the past year;
-
After the share repurchase, the Company has the ability to perform its debts and continue its operations;
-
After the share repurchase, the Company's equity distribution still meets the listing conditions;
-
Other conditions stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
(III) Method and Price Range of Proposed Share Repurchase