Stock Code: 301396
Stock Abbreviation: Hongjing Technology
Announcement Number: 2026-066
Hongjing Technology Co., Ltd.
Repurchase Report
The Company and all members of its board of directors guarantee that the information disclosed in this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Key Information Prompt:
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Type of shares to be repurchased: Class A non-tradable shares
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Total amount of funds for share repurchase: Not less than RMB 30 million (inclusive) and not exceeding RMB 50 million (inclusive).
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Purpose of proposed share repurchase: Equity incentives or employee stock ownership plans
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Price range for share repurchase: Not exceeding RMB 260 per share (inclusive).
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Source of funds for share repurchase: Own funds
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Number of shares to be repurchased and proportion of total share capital: Based on the upper and lower limits of the repurchase fund and the upper limit of the repurchase price, it is estimated that the number of shares to be repurchased will be approximately 115,384 to 192,307 shares, accounting for about 0.05% to 0.09% of the company's total share capital. The specific number of shares repurchased shall be subject to the actual number of shares repurchased upon expiration of the repurchase period.
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Method of share repurchase: Centralized bidding
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Repurchase period: Not exceeding 12 months from the date of deliberation and approval of this share repurchase plan by the board of directors.
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Share reduction plan of relevant shareholders: As of the disclosure date of this announcement, the company's directors, senior management, controlling shareholders and their concerted parties, actual controllers, and shareholders holding more than 5% of the shares have no plan to reduce their holdings of the company's shares in the next 3 months and the next 6 months. If the above entities implement a share reduction plan in the future, the company will strictly comply with the relevant laws and regulations and fulfill its information disclosure obligations in a timely manner.
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Risk warning for the repurchase plan:
(1) This repurchase may face risks such as the stock price continuously exceeding the upper limit of the repurchase price within the repurchase period, or the funds required for share repurchase not being in place in a timely manner, which may lead to the repurchase plan not being successfully implemented or only partially implemented.
(2) The shares repurchased by the company are intended for employee stock ownership plans or equity incentives. There is a risk that these plans may not be approved by the company's board of directors and shareholders' meetings or other decision-making bodies, or that employees may refuse to participate in the stock ownership plans or equity incentives, or that the subjects of equity incentives may refuse to subscribe for shares, leading to the failure or partial failure of these plans, and consequently the repurchase of shares being cancelled in whole or in part according to law.
(3) During the implementation of this repurchase, if major events occur that have a significant impact on the company's stock trading price, or if the company fails to meet the conditions for share repurchase stipulated by laws and regulations, this repurchase will face the risk of partial or complete failure of the repurchase plan.
(4) This repurchase may face the risk of needing to change or terminate the repurchase plan due to major changes in the company's operating conditions, financial situation, or external environment.
- Status of opening a dedicated securities account for repurchase
The company has opened a dedicated securities account for repurchase with Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, which will be used solely for repurchasing the company's shares.
The company will make repurchase decisions and implement them based on market conditions during the repurchase period, and will fulfill its information disclosure obligations in a timely manner according to the progress of the repurchase matters. Investors are advised to pay attention to investment risks.