Guangzhou Baiyun Electrical Equipment Co., Ltd. Progress Announcement on Share Repurchase

MaticHoleFiller · 2026-04-08T05:15:10+00:00

Guangzhou Baiyun Electric issued an announcement updating its share repurchase progress. The company plans to use 10 million to 20 million yuan to repurchase shares, and the upper limit on the repurchase price has been adjusted to 19.63 yuan per share. As of March 31, 2026, it has repurchased 371,500 shares, with a total amount of 506.70 million yuan. The company will continue to follow relevant regulations to conduct the repurchase.

MaticHoleFiller

2026-04-08 05:15:10

Abstract generation in progress

Security code: 603861 Security abbreviation: Baiyun Electric Appliances Announcement No.: 2026-014

Guangzhou Baiyun Electric Appliances Co., Ltd.

Announcement on the Progress of the Company’s Share Buyback

This company’s board of directors and all directors, supervisors, and senior management warrant that this announcement contains no false statements, misleading representations, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

Key Points:

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I. Basic Information on the Share Buyback

On August 1, 2025, the company convened the 19th meeting of the 7th session of the board of directors and the 17th meeting of the 7th session of the board of supervisors, and considered and approved the Resolution on the Share Buyback Plan, proposing to use its own funds and/or funds raised (not less than RMB 10 million (inclusive) and not more than RMB 20 million (inclusive)) to repurchase the company’s shares through centralized bidding transactions, and to use the repurchased shares for an employee shareholding plan and/or equity incentives at an appropriate time in the future. For details, please see the Company’s announcement on August 2, 2025, the Announcement on the Share Buyback Plan (Announcement No.: 2025-053), and the Company’s announcement on August 6, 2025, the Repurchase Report on the Repurchase of Company Shares by Means of Centralized Bidding Transactions (Announcement No.: 2025-055).

Due to the company’s implementation of the 2025 interim distribution of equity rights and interests, the upper limit of the repurchase share price is adjusted from not exceeding RMB 14.70 per share (inclusive) to not exceeding RMB 14.65 per share (inclusive). The adjusted upper limit of the repurchase share price becomes effective from September 25, 2025. Except for the adjustment to the upper limit of the repurchase price, all other matters in the share buyback plan remain unchanged. For details, please see the Company’s announcement, Announcement on Adjusting the Upper Limit of the Repurchase Price after the 2025 Interim Distribution of Equity Rights and Interests (Announcement No.: 2025-090).

On January 27, 2026, the company convened the 27th meeting of the 7th session of the board of directors and considered and approved the Resolution on Adjusting the Upper Limit of the Repurchase Share Price. Since the company’s stock price has continued to exceed the upper limit of the repurchase price, based on confidence in the company’s continued and stable development in the future and recognition of the company’s value, and at the same time to ensure the smooth implementation of this share buyback plan, it was agreed to adjust the upper limit of the repurchase share price from not exceeding RMB 14.65 per share (inclusive) to not exceeding RMB 19.63 per share (inclusive). Except for the adjustment to the upper limit of the repurchase price, all other matters in the share buyback plan remain unchanged. For details, please see the Company’s announcement, Announcement on Adjusting the Upper Limit of the Repurchase Share Price (Announcement No.: 2026-006).

II. Progress of the Share Buyback

According to relevant provisions such as the Share Buyback Rules for Listed Companies and the Shanghai Stock Exchange’s Self-Regulatory Guidance No. 7 on Share Repurchases by Listed Companies, during the share buyback period, listed companies shall, within the first 3 trading days of each month, announce the progress of the share buyback as of the end of the previous month. The progress of the company’s share buyback is hereby announced as follows:

As of March 31, 2026, the company has cumulatively repurchased 371,500 shares through the Shanghai Stock Exchange trading system by means of centralized bidding transactions. The repurchased shares account for 0.0687% of the company’s total share capital of 540,527,955 shares. The highest transaction price for the repurchased shares was RMB 15.15 per share, and the lowest transaction price was RMB 11.60 per share. The total transaction amount was RMB 5.0670 million (excluding transaction fees).

The above-mentioned repurchase of shares complies with relevant laws and regulations and with the requirements of the company’s share buyback plan.

III. Other Matters

The company will strictly follow relevant provisions such as the Share Buyback Rules for Listed Companies and the Shanghai Stock Exchange’s Self-Regulatory Guidance No. 7 on Share Repurchases by Listed Companies, make and implement repurchase decisions as appropriate based on market conditions during the repurchase period, and at the same time timely fulfill its information disclosure obligations in accordance with the progress of the share buyback matter. Investors are kindly requested to pay attention to investment risks.

This announcement is hereby issued.

Board of Directors of Guangzhou Baiyun Electric Appliances Co., Ltd.

April 2, 2026

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