Stock Code: 301360 Stock Abbreviation: Rongqi Technology Announcement No.: 2026-037
Rongqi Industrial Technology (Suzhou) Co., Ltd.
Repurchase Report on Repurchasing Company Shares via Centralized Competitive Bidding
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 material omissions.
Important Content Tips:
- Basic Information on Share Repurchase
(1) Type of shares: RMB ordinary shares (A-shares) issued by Rongqi Industrial Technology (Suzhou) Co., Ltd. (hereinafter referred to as the "Company").
(2) Purpose of repurchase: To maintain the Company's value and shareholders' equity; the repurchased shares will be sold in accordance with relevant regulations. If the Company fails to sell the shares within three years after the completion of the repurchase, the unsold shares will be cancelled. If laws, regulations, or regulatory authorities adjust relevant policies, this repurchase plan will be implemented according to the adjusted policies.
(3) Repurchase price: Not exceeding RMB 106 per share (inclusive). This price cap does not exceed 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.
(4) Total repurchase funds: Not less than RMB 25 million (inclusive) and not more than RMB 50 million (inclusive).
(5) Quantity of shares to be repurchased: Based on the upper limit of RMB 50 million and the price cap of RMB 106 per share, the estimated number of shares is 471,698, representing 0.68% of the current total share capital. Based on the lower limit of RMB 25 million and the price cap of RMB 106 per share, the estimated number of shares is 235,850, representing 0.34% of the current total share capital. The actual quantity and proportion will be based on the final results upon completion or expiration of the repurchase period.
(6) Implementation period: Within 3 months from the date the Board of Directors deliberates and approves the repurchase plan.
(7) Source of funds: The Company's own funds.
- Opening of Special Securities Account for Repurchase
The Company has opened a special securities account for share repurchase at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, which is used exclusively for this purpose.
- Whether Relevant Shareholders Have Reduction Plans
As of the disclosure date of this report, the Company's directors, senior management, controlling shareholders, actual controllers, and shareholders holding more than 5% of shares have no clear plans to reduce their holdings during the repurchase period and the following six months. If such plans arise, they will strictly fulfill their information disclosure obligations.
- Risk Warnings
(1) Risk that the share price continuously exceeds the repurchase price cap, causing the plan to be partially or fully unimplementable.
(2) Risk that material events affecting the stock price or other factors lead the Board to terminate the plan.
(3) Risk of change in purpose if the Company fails to sell the shares as planned, or risk that creditors may demand early repayment or guarantees if shares are cancelled.
(4) Risk that new regulatory requirements may necessitate adjustments to the repurchase terms.
The Company will make repurchase decisions based on market conditions and fulfill disclosure obligations. Investors are advised to be aware of investment risks.
In accordance with the "Rules for Share Repurchase by Listed Companies," the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 9 — Share Repurchase" (hereinafter "Repurchase Guidelines"), and the "Articles of Association," the Company has prepared this report.
I. Purpose of Share Repurchase
To maintain company value and shareholder equity, enhance investor confidence, and promote long-term sustainable development, the Company intends to use its own funds to repurchase shares via centralized competitive bidding.