Securities Code: 300843
Bond Code: 123258
Securities Abbreviation: Sheng Lan Shares
Bond Abbreviation: Sheng Lan Zhuan 02
Announcement Number: 2026-055
Sheng Lan Technology Co., Ltd.
Report on Share Repurchase
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Key Information Highlights:
Sheng Lan Technology Co., Ltd. (hereinafter referred to as the "Company") held the fourth Board of Directors meeting on July 31, 2026, and reviewed and approved the "Proposal on the Company's Share Repurchase Plan." The relevant details of this repurchase plan are as follows:
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Type of shares to be repurchased: Non-tradable A-shares.
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Total amount of funds for share repurchase: Not less than RMB 10,000,000,000 (inclusive) and not more than RMB 20,000,000,000 (inclusive).
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Intended use of repurchased shares: Equity incentives or employee stock ownership plans, and conversion of convertible bonds.
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Price range for share repurchase: Not exceeding RMB 195.18 per share (inclusive).
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Source of funds for share repurchase: Company's own funds and self-raised funds.
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Number of shares to be repurchased and proportion of total share capital: Based on the upper and lower limits of the total repurchase amount and the upper limit of the repurchase price, it is estimated that the number of shares to be repurchased will be approximately 512,348 to 1,024,695 shares, accounting for approximately 0.31% to 0.63% of the Company's total share capital. The specific number of shares repurchased shall be subject to the actual number of shares repurchased upon expiration of the repurchase period.
Are there any share reduction plans by related shareholders? As of the disclosure date of this announcement, the Company's directors, senior management, controlling shareholders and their concerted parties, actual controllers, and shareholders holding more than 5% of the shares have no plans to reduce their holdings of the Company's shares in the next three months or the next six months. If the aforementioned entities implement share reduction plans in the future, the Company will strictly comply with the relevant laws and regulations and fulfill its information disclosure obligations in a timely manner.
In accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China," the "Regulations on Share Repurchases by Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 9 - Share Repurchases," and other relevant laws, regulations, and normative documents and the "Articles of Association" of the Company, the Company has compiled the "Report on Share Repurchases," the content of which is as follows:
I. Main Content of the Report on Share Repurchases
(I) Purpose of Share Repurchase
Based on confidence in the Company's future development prospects, to further improve the Company's long-term incentive mechanism, and to fully ensure the Company's sustained business growth and encourage value creation, the Company, after comprehensively considering its operating conditions, business development prospects, financial status, and future profitability, plans to repurchase the Company's shares with its own funds and self-raised funds for equity incentives or employee stock ownership plans, and for the conversion of convertible bonds. If the Company fails to fully utilize the repurchased shares within three years after the completion of the share repurchase, the unused repurchased shares will be canceled according to law. If there are adjustments to relevant national policies, this repurchase plan will be implemented according to the adjusted policies.
(II) Conditions for Share Repurchase Compliance