Starsea Technology Co., Ltd. Announcement on the Completion of the Company's Share Repurchase and Changes in Share Capital
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions.
Starsea Technology Co., Ltd. (hereinafter referred to as the "Company") held its Thirteenth Meeting of the Second Board of Directors on January 8, 2026, and reviewed and approved the "Proposal on the Company's Share Repurchase Plan Through Centralized Bidding Transactions." The Company agreed to use its own funds and/or self-raised funds (including but not limited to special loans for share repurchases) to repurchase a portion of the Company's shares through centralized bidding transactions, for the purpose of equity incentives and/or employee stock ownership plans. The repurchase price will not exceed RMB 88.90 per share (inclusive), and the total repurchase amount will be no less than RMB 60 million (inclusive) and no more than RMB 120 million (inclusive). Based on the upper and lower limits of the total repurchase amount and the upper limit of the repurchase price, the estimated number of shares to be repurchased is between 674,916 and 1,349,831 shares, accounting for 0.16% to 0.32% of the Company's current total share capital. The repurchase period shall not exceed 12 months from the date of approval of this repurchase plan by the Board of Directors. The specific number of repurchased shares and the repurchase amount shall be subject to the actual number of shares repurchased and the repurchase amount upon the expiration of the repurchase period or the completion of the repurchase. For details, please refer to the "Announcement on the Resolution of the Thirteenth Meeting of the Second Board of Directors" (Announcement No.: 2026-001) and the "Announcement on the Company's Share Repurchase Plan Through Centralized Bidding Transactions" (Announcement No.: 2026-002) disclosed by the Company on the website of Juchao Information Network (www.cninfo.com.cn) on January 8, 2026.
As of February 13, 2026, the Company has completed the implementation of this share repurchase plan. In accordance with the "Regulations on Listed Company Share Repurchases," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 9—Share Repurchases" (hereinafter referred to as the "Repurchase Guidelines"), and other relevant regulations, the implementation of the Company's share repurchase is hereby announced as follows:
I. Implementation of Share Repurchase