Announcement Number: 2026-004
Kunshan Bai'ao Intelligent Equipment Co., Ltd. Announcement on the Scheme for Repurchasing Company Shares
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Key Content Highlights:
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Main Content of the Share Repurchase Plan (1) Type of shares to be repurchased: Ordinary shares (A shares) of Kunshan Bai'ao Intelligent Equipment Co., Ltd. (hereinafter referred to as the "Company") that have been issued. (2) Purpose of repurchasing shares: Intended for employee stock option plans or equity incentives. (3) Price range for repurchasing shares: Not exceeding RMB 65.00 per share (inclusive), which is not higher than 150% of the average trading price of the Company's shares in the thirty trading days prior to the resolution of the repurchase by the Board of Directors. (4) Total amount of funds for repurchase: Not less than RMB 10,000,000.00 (inclusive) and not exceeding RMB 20,000,000.00 (inclusive). (5) Number of shares to be repurchased and proportion of total share capital: Calculated based on the upper limit of the repurchase price and the range of repurchase funds, the number of shares to be repurchased will be between 153,846 and 307,692 shares, accounting for 0.17% to 0.33% of the Company's total share capital. (6) Implementation period for repurchase: Within 12 months from the date the Board of Directors approves the share repurchase plan. (7) Source of funds: The Company's own funds or self-raised funds.
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Whether Related Shareholders Have Plans to Increase or Decrease Holdings As of the disclosure date of this announcement, except for Ms. Shi Fenghua, a director of the Company, who disclosed the "Pre-disclosure Announcement on Share Reduction by Shareholders Holding More Than 5% of Shares" (Announcement Number: 2026-002) on March 11, 2026, the Company has not received any plans from other directors, senior management, controlling shareholders, actual controllers, or shareholders holding more than 5% of shares and their concerted parties to reduce their holdings in the Company within the next three or six months. If such shareholders or personnel plan to implement share increase or decrease plans in the future, the Company will fulfill the announcement procedures in a timely manner as required.