Stock Code: 301330 Stock Abbreviation: Grandway Technology Announcement No.: 2026-063
Grandway Technology Co., Ltd.
Announcement on the Plan for Share Repurchase via Centralized Bidding and Repurchase Report
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.
Important Content Prompts:
- Main Content of the Repurchase Plan
(1) Type of shares to be repurchased: The Company's issued RMB ordinary shares (A-shares).
(2) Purpose of the repurchase: To implement employee stock ownership plans or equity incentives.
(3) Total funds and price: The total funds for this repurchase shall be no less than RMB 30 million (inclusive) and no more than RMB 60 million (inclusive). The repurchase price shall not exceed RMB 36.07 per share. The specific total amount of funds used for the repurchase shall be based on the actual amount used.
(4) Quantity and proportion: At a price not exceeding RMB 36.07 per share, based on the upper limit of RMB 60 million, the estimated number of shares to be repurchased is 1,663,432, accounting for approximately 0.71% of the current total share capital. Based on the lower limit of RMB 30 million, the estimated number of shares is 831,717, accounting for approximately 0.35% of the current total share capital. The specific quantity shall be based on the actual number of shares repurchased at the expiration of the period.
(5) Source of funds: Own funds.
(6) Method: Centralized bidding.
(7) Duration: No more than 12 months from the date the Board of Directors approves the plan.
- Reduction Plan of Relevant Shareholders
As of the disclosure date, the Company has not received any share reduction plans from directors, senior management, controlling shareholders, actual controllers, the repurchase proposer, or shareholders holding more than 5% of shares and their concerted actors during the repurchase period. If such entities propose a reduction plan in the future, the Company will fulfill its information disclosure obligations in accordance with laws, regulations, and normative documents.
- Repurchase Securities Account
The Company has opened a special securities account for share repurchase at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.
- Risk Warning
(1) There is a risk that the stock price may consistently exceed the repurchase price limit during the period, leading to the inability to implement or only partially implement the plan.
(2) The repurchased shares are intended for employee stock ownership plans or equity incentives. There is a risk that if these plans fail to be approved by the Board of Directors or shareholders' meetings, the repurchased shares may need to be cancelled in whole or in part according to law.
(3) If major events occur that significantly impact the stock price, or if the Company no longer meets the legal conditions for repurchase, the plan may be unable to be implemented or only partially implemented.
(4) There is a risk that the plan may need to be changed or terminated due to major changes in the Company's operations, financial status, or external objective conditions.
The Company will make repurchase decisions based on market conditions during the period and fulfill information disclosure obligations in a timely manner. Investors are advised to pay attention to investment risks.
Grandway Technology Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the fourth Board of Directors on August 4, 2026, and deliberated and approved the "Proposal on the Plan for Share Repurchase via Centralized Bidding". The details are as follows:
I. Main Content of the Repurchase Plan
(I) Purpose of the Repurchase
Based on confidence in the Company's future development and recognition of its value, to effectively protect the interests of investors, enhance investor confidence, and further improve the long-term incentive mechanism, the Company intends to use its own funds to repurchase shares for future employee stock ownership plans or equity incentives.