Share Repurchase Report

[Image: TonHe Technology Logo]

Stock Code: 300491 Stock Abbreviation: TonHe Technology Announcement No.: 2026-051

Bond Code: 123271 Bond Abbreviation: TonHe Convertible Bonds

Shijiazhuang TonHe Electronics Technologies Co., Ltd.

Share Repurchase Report

Important Content Tips:

Shijiazhuang TonHe Electronics Technologies Co., Ltd. (hereinafter referred to as "TonHe Technology" or the "Company") intends to use its own or self-raised funds (including special loans for stock repurchases) to repurchase the Company's RMB-denominated ordinary A-shares (hereinafter referred to as the "Repurchase") through centralized bidding. The main contents of the repurchase plan are as follows:

1. Type of shares to be repurchased: The Company's issued RMB-denominated ordinary (A-share) stocks.

2. Purpose of the repurchase: To be used for employee stock ownership plans or equity incentive plans.

3. Repurchase price and amount: Not exceeding RMB 45 per share (inclusive). This price is not higher than 150% of the average trading price of the Company's stock for the 30 trading days prior to the board's resolution. The total repurchase amount shall be no less than RMB 35 million and no more than RMB 70 million.

4. Source of funds: The Company's own or self-raised funds (including special loans for stock repurchases). The Company has obtained a "Loan Commitment Letter" from the Shijiazhuang Branch of Industrial Bank Co., Ltd., agreeing to provide credit support of up to RMB 63 million (not exceeding 90% of the repurchase amount) for the project, with a loan term not exceeding 36 months.

5. Quantity and proportion: Based on the price cap and total amount, the estimated number of shares to be repurchased is 777,778 to 1,555,555 shares, representing 0.44% to 0.88% of the Company's current total share capital.

Implementation Period: Within 12 months from the date the board of directors approves the repurchase plan.

Risk Warning:

1. Uncertainty regarding the stock price exceeding the repurchase price cap, potentially preventing full implementation.

2. Risk that necessary funds may not be fully raised.

3. Risk of termination due to major events impacting stock price or board decisions.

4. Risk of changes in business, financial status, or external conditions requiring plan modification or termination.

5. Risk that the shares may not be fully granted or may be cancelled if the employee stock ownership or equity incentive plans are not approved or if participants waive their subscriptions.

I. Main Contents of the Repurchase Plan

1. Purpose: Based on confidence in the Company's development prospects and intrinsic value, and to promote long-term stable development, the Company plans to repurchase shares for employee stock ownership or equity incentive plans.

2. Compliance: The repurchase complies with Article 10 of the "Repurchase Guidelines."

3. Method and Price Range: The repurchase will be conducted via the Shenzhen Stock Exchange trading system. The price cap is RMB 45 per share.

4. Type, Purpose, Total Amount, Quantity, and Proportion:

• Type: Issued RMB-denominated ordinary (A-share) stocks.

• Purpose: Employee stock ownership or equity incentive plans, to be transferred within three years after the disclosure of the repurchase results.

• Total Amount: RMB 35 million to RMB 70 million.

• Quantity and Proportion: 777,778 to 1,555,555 shares, accounting for 0.44% to 0.88% of total share capital.

1. Source of Funds: Own or self-raised funds, including bank loans.

2. Implementation Period: 12 months from the board's approval. The period may end early if the maximum fund limit is reached, the board decides to terminate the plan, or the minimum fund limit is reached and management decides to terminate.

3. Prohibited Periods: Repurchases are prohibited during periods when major events affecting the stock price are occurring or being decided, or as stipulated by the CSRC and Shenzhen Stock Exchange.

4. Requirements: The Company must not place orders at prices restricted by daily trading limits, nor during opening/closing call auctions or on days without price fluctuation limits.

5. Expected Changes in Share Capital Structure: Assuming the repurchase of 777,778 to 1,555,555 shares, the Company's share capital structure will be adjusted accordingly upon the completion of the repurchase and subsequent locking of shares for the intended plans.