Announcement on the Progress of Share Repurchase by the Company
Shenzhen Mingyang Circuit Technology Co., Ltd. (hereinafter referred to as "the Company" or "Mingyang Circuit") held the fourth meeting of the fourth board of directors on May 14, 2025, where it reviewed and approved the proposal on the share repurchase plan. The Company agreed to use no less than RMB 15 million (inclusive) and no more than RMB 25 million (inclusive) of its own funds or self-raised funds to repurchase part of the Company's shares through centralized bidding, with a repurchase price not exceeding RMB 18.16 per share (inclusive). The repurchased shares will be used for equity incentives or employee stock ownership plans, and the repurchase period is within 12 months from the date of the board's approval of this repurchase plan. Due to the implementation of the 2024 annual equity distribution, starting from May 30, 2025, the maximum repurchase price will be adjusted from RMB 18.16 per share (inclusive) to RMB 18.03 per share (