Sangfor Technologies Inc. and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Important Content Reminder:
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Sangfor Technologies Inc. (hereinafter referred to as "the Company") intends to use its own funds to repurchase a portion of its publicly held shares through centralized bidding (hereinafter referred to as "this repurchase"). The main content is as follows: (1) Type of shares to be repurchased: Ordinary shares (A shares) issued by the Company in RMB. (2) Purpose of the repurchased shares: The shares repurchased will be used to implement employee stock ownership plans or equity incentive plans. (3) Price range for repurchased shares: Not exceeding RMB 120 per share (inclusive). (4) Total amount of funds for repurchase and source of funds: The funds for this repurchase will come from the Company's own funds, with a total amount not less than RMB 80 million (inclusive) and not exceeding RMB 90 million (inclusive). (5) Implementation period for the repurchase: The implementation period for this repurchase is within 12 months from the date the board of directors approves the repurchase plan.
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As of the date of this announcement, the Company's directors, senior management, controlling shareholders, actual controllers, and shareholders holding more than 5% of the shares have no plans to reduce their holdings. If there are plans to reduce holdings in the future, the Company will fulfill its information disclosure obligations in a timely manner according to relevant regulations.
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Relevant risk reminders: (1) There is uncertainty risk that the stock price may continuously exceed the upper limit of the repurchase price during the repurchase period, leading to the inability to implement or only partially implement this repurchase plan. (2) There is a risk that significant events affecting the Company's stock trading price or the board's decision to terminate this repurchase plan may prevent implementation. (3) There may be risks of changes in the Company's operating and financial conditions or significant external factors that require changes or termination of the repurchase plan according to relevant rules. (4) The repurchased shares will be used for employee stock ownership plans or equity incentive plans, which may face risks if these plans are not approved by the board and shareholders, or if participants in these plans waive their subscription rights, leading to the cancellation of repurchased shares before they can be transferred.
The Company will make repurchase decisions based on market conditions during the repurchase period and will fulfill its information disclosure obligations in a timely manner according to the progress of the repurchase.
According to the Company Law, Securities Law, and relevant regulations, the Company held the 38th meeting of the third board of directors on April 7, 2026, and approved the proposal on the share repurchase plan. The specific details of this repurchase plan are as follows: