Temporary Announcement
Stock Code: 301446 Stock Abbreviation: Fushite Announcement No.: 2026-022
Jiangxi Fushite Hydraulic Co., Ltd.
Report on Repurchase of Shares Announcement
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
Key Content Highlights:
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Type of shares to be repurchased: Non-tradable A-shares
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Total amount of funds for share repurchase: Not less than RMB 40 million (inclusive) and not more than RMB 60 million (inclusive).
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Purpose of proposed share repurchase: Equity incentives or employee stock ownership plan
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Price range for share repurchase: Not exceeding RMB 48.00 per share (inclusive).
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Source of funds for share repurchase: Own funds or self-raised 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 833,333 to 1,250,000 shares, accounting for approximately 0.801% to 1.202% 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.
Whether relevant shareholders have plans to increase or decrease holdings: As of the date of this announcement, the company's directors, senior management, controlling shareholders, and actual controllers have no clear plans to increase or decrease their holdings of the company's shares during the repurchase period. Other shareholders holding more than 5% of the shares and their concerted parties also have no clear plans to increase or decrease their holdings in the next six months. If the aforementioned personnel plan to implement share increase or decrease plans in the future, the company will strictly fulfill its information disclosure obligations in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
I. Main Content of the Report on Repurchase of Shares
- Brief Introduction to the Share Repurchase Plan
(I) Purpose of Share Repurchase
Based on confidence in the company's future development and recognition of its value, to effectively protect the interests of all shareholders, enhance investor confidence, and further establish and improve the company's long-term incentive mechanism, the company plans to use its own funds or self-raised funds to repurchase a portion of the company's A-shares through centralized bidding. The shares repurchased this time will be used for the implementation of employee stock ownership plans or equity incentives.
(II) Conditions for Share Repurchase Compliance
The company's share repurchase complies with the relevant conditions stipulated in the "Regulations on Share Repurchases by Listed Companies" and the "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 9 - Share Repurchases."
(1) The company's shares have been listed for more than six months;
(2) The company has no major illegal acts in the past year;
(3) After the share repurchase, the company has the ability to perform its debt obligations and maintain its ongoing operations;
(4) After the share repurchase, the company's equity distribution meets the listing conditions;
(5) Other conditions stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.