Announcement on the Progress of Share Buyback
Hunan Feiwo New Energy Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
The Company held the 13th meeting of the 3rd Board of Directors on July 1, 2025, where it approved the proposal on the share buyback plan. The Company agreed to use its own funds and special loan funds for the buyback through centralized bidding transactions, aimed at implementing an equity incentive plan. The total amount for the buyback will not be less than RMB 25 million (inclusive) and not exceed RMB 50 million (inclusive), with a buyback price not exceeding RMB 43.44 per share (inclusive). The buyback period will be within 12 months from the date of the Board's approval of the buyback plan. For specific details, please refer to the announcements disclosed by the Company on July 2 and July 9, 2025, on the Giant Tide Information Network (www.cninfo.com.cn).