Announcement Regarding Receipt of Proposal from Chairman for Share Repurchase

Sungrow Power Supply Co., Ltd.·July 21, 2026·3 pages

✨ AI Summary

The company received a proposal from its Chairman to repurchase A-shares using its own or raised funds. The repurchase aims to establish a long-term incentive mechanism, boost employee morale, and align shareholder, company, and employee interests. The proposed repurchase amount is between RMB 500 million and RMB 1 billion, to be completed within 12 months.

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Securities Code: 300274

Securities Abbreviation: Sungrow Power Supply

Announcement No.: 2026-050

Sungrow Power Supply Co., Ltd.

Announcement Regarding Receipt of Proposal from Chairman for Share Repurchase

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and do not contain any false records, misleading statements, or significant omissions.

Sungrow Power Supply Co., Ltd. (hereinafter referred to as the "Company") received on July 21, 2026, the "Letter of Proposal for Sungrow Power Supply Co., Ltd. to Repurchase Company Shares" from its Chairman, Mr. Cao Renxian. Mr. Cao Renxian proposed that the Company use its own or raised funds to repurchase a portion of its issued RMB ordinary shares (A shares) through centralized bidding transactions on the Shenzhen Stock Exchange. The specific details are as follows:

I. Basic Information of the Proposer and Time of Proposal

Proposer: Mr. Cao Renxian, Chairman of the Company
Time of Proposal: July 21, 2026
Right to Propose: Yes

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