Stock Code: 300925 Stock Abbreviation: Farben Information Announcement No.: 2026-050
Shenzhen Farben Information Technology Co., Ltd.
Announcement on the Share Repurchase Plan
Important Content Tips:
- Shenzhen Farben Information Technology Co., Ltd. (hereinafter referred to as the "Company") intends to use its own funds and/or self-raised funds to repurchase some of the Company's RMB ordinary shares (A shares) through centralized bidding (hereinafter referred to as "this Repurchase"):
(1) Total funds for share repurchase: Not less than RMB 30 million and not more than RMB 60 million (both inclusive). The specific total repurchase amount shall be subject to the actual funds used upon the expiration of the repurchase period or the completion of the repurchase.
(2) Repurchase price: Not exceeding RMB 22.46 per share (not higher than 150% of the average trading price of the Company's shares for the thirty trading days prior to the board's resolution on the share repurchase).
(3) Purpose of repurchase: Intended to maintain the Company's value and shareholder equity. The repurchased shares will be sold via centralized bidding 12 months after the disclosure of the repurchase results and share change announcement. If the Company fails to use the repurchased shares within 3 years from the date of the announcement of the repurchase results and share change, the unused shares will be cancelled. If national policies are adjusted, this plan will be implemented according to the adjusted policies.
(4) Repurchase period: Within 3 months from the date the Company's board of directors deliberates and approves the share repurchase plan.
(5) Source of funds: Own funds and/or self-raised funds.
(6) Quantity and proportion of shares to be repurchased: Based on the upper limit of the repurchase amount of RMB 60 million and the price limit of RMB 22.46 per share, the estimated quantity of shares to be repurchased is approximately 2,671,415 shares, accounting for approximately 0.62% of the Company's current total share capital. Based on the lower limit of the repurchase amount of RMB 30 million and the price limit of RMB 22.46 per share, the estimated quantity of shares to be repurchased is approximately 1,335,708 shares, accounting for approximately 0.31% of the Company's current total share capital. The specific quantity shall be subject to the actual number of shares repurchased upon the expiration of the period. During the repurchase period, if the Company implements dividends, bonus shares, capital reserve conversion, stock splits, share consolidations, rights issues, or other ex-rights and ex-dividend matters, the repurchase price limit, quantity, and proportion will be adjusted accordingly from the ex-rights/ex-dividend date.
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The Company held the 18th meeting of the 4th Board of Directors on July 31, 2026, and deliberated and approved the "Proposal on the Share Repurchase Plan". According to the "Rules for Share Repurchase by Listed Companies", the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 9 - Share Repurchase" and other relevant laws, regulations, and the "Articles of Association", this plan is within the board's authority and does not require submission to the shareholders' meeting.
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Reduction plan of major shareholders during the repurchase period
As of the disclosure date, the Company has not received any share reduction plans from directors, senior management, controlling shareholders, actual controllers, or their concerted actors for the next six months. However, the possibility of such reductions is not excluded. If these subjects intend to implement a reduction plan within the next six months, the Company will fulfill its information disclosure obligations in accordance with the regulations of the CSRC and the Shenzhen Stock Exchange.