Progress of Share Repurchase
Hanshuo Technology Co., Ltd. (hereinafter referred to as "the Company") held the 12th meeting of the 2nd Board of Directors on September 28, 2025, where it approved the proposal for the share repurchase plan. The Company agreed to use its own funds and/or self-raised funds to repurchase part of its issued RMB ordinary shares (A shares) through centralized bidding. The repurchased shares will be used for the employee stock ownership plan or equity incentive. The total amount for this repurchase is expected to be no less than RMB 150 million and no more than RMB 300 million (inclusive), with a repurchase price not exceeding RMB 84 per share (inclusive). The specific number of shares repurchased will be based on the actual number of shares repurchased upon completion of the repurchase or at the end of the repurchase period. The implementation period for the repurchase of shares is within 12 months from the date the board of directors approved this repurchase plan.