I. Meeting Information
Sangfor Technologies Inc. (hereinafter referred to as "the Company") issued a meeting notice via email and other means on April 2, 2026, and held the 38th meeting of the 3rd Board of Directors on April 7, 2026, in the company meeting room, both in person and via communication. A total of 8 directors were required to attend, and all 8 directors were present. The meeting was chaired by Mr. He Zhaoxi, the Chairman. The convening and holding of this meeting complied with the provisions of the Company Law and other laws, regulations, normative documents, and the Articles of Association.
II. Meeting Resolutions
After deliberation by the attending directors, the following resolutions were passed by voting:
(1) Proposal on the Share Repurchase Plan
The board reviewed and agreed to the share repurchase plan as follows:
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Purpose and Use of Repurchased Shares
Based on the previous share repurchase plan, the company aims to further enrich and improve long-term incentive mechanisms, effectively incentivizing core team members to ensure their long-term development alongside the company. The company intends to use its own funds to repurchase a portion of publicly held shares through centralized bidding for the implementation of an employee stock ownership plan or equity incentive plan.
Voting results: 8 votes in favor; 0 votes against; 0 abstentions. -
Compliance with Relevant Conditions
The share repurchase complies with the relevant conditions stipulated in the "Regulations on the Repurchase of Shares by Listed Companies" and "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange - Share Repurchase":
(1) The company's stock has been listed for more than six months;
(2) The company has had no major legal violations in the past year;
(3) After the repurchase, the company has the ability to fulfill its debts and continue operations;
(4) After the repurchase, the company's equity distribution meets listing conditions;
(5) Other conditions stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
Voting results: 8 votes in favor; 0 votes against; 0 abstentions. -
Method of Repurchase
The repurchase will be conducted through centralized bidding.