Sankei Co., Ltd. Progress Announcement on Share Repurchase

2026-04-08 15:46:42

Stock Code: 002224 | Stock Short Name: Sanlìsi | Announcement No.: 2026-007

Sanlìsi Co., Ltd. Announcement on the Progress of the Company’s Share Repurchase

This company and all members of the Board of Directors hereby guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Sanlìsi Co., Ltd. (hereinafter referred to as the “Company”) considered and approved the “Proposal on the Company’s Share Repurchase” at the 11th meeting of the 8th Session of the Board of Directors held on October 29, 2025. The Company plans to use its own funds and funds raised to repurchase the Company’s shares (A shares) through centralized competitive bidding transactions, for the purpose of implementing an employee stock ownership plan or equity incentives. The total amount of funds for the repurchase shall be no less than RMB 30,000,000 (inclusive) and no more than RMB 60,000,000 (inclusive). The repurchase price shall be no more than RMB 6.5 per share (inclusive) (the repurchase price does not exceed 150% of the Company’s average stock trading price over the 30 trading days prior to the date on which the Board of Directors adopted the resolution on the share repurchase). The implementation period shall be within 12 months from the date on which the Board of Directors approves the share repurchase plan. For details, please refer to the “Announcement on the Company’s Share Repurchase Plan” disclosed by the Company on October 30, 2025 on the “Securities Times,” “Securities Daily,” “China Securities Journal,” “Shanghai Securities News,” and the Juchao Information website (http://www.cninfo.com.cn).

Pursuant to the relevant provisions of the “Guidelines No. 9 for Self-Regulatory Supervision of Listed Companies on the Shenzhen Stock Exchange—Repurchase of Shares,” during the repurchase period, the Company shall disclose its repurchase progress as of the end of the previous month within the first three trading days of each month. The Company hereby announces its repurchase progress as of the end of the previous month as follows:

I. Repurchase progress as of the end of the previous month

As of March 31, 2026, the Company has cumulatively repurchased 2,600,000 shares of the Company through the specialized securities account for share repurchase by centralized competitive bidding, representing 0.2882% of the Company’s total share capital of 902,116,324 shares. The highest transaction price was RMB 4.42 per share, the lowest transaction price was RMB 4.27 per share, and the total transaction amount was RMB 11,306,864 (excluding transaction fees). This repurchase complies with the requirements of relevant laws and regulations and the Company’s established share repurchase plan.

II. Other explanations

The timing of the Company’s share repurchases, the number of shares repurchased, and the entrusted time slots for centralized competitive bidding transactions all comply with the relevant provisions of the “Rules for Repurchases of Shares of Listed Companies,” the “Guidelines No. 9 for Self-Regulatory Supervision of Listed Companies on the Shenzhen Stock Exchange—Repurchase of Shares,” and the Company’s share repurchase plan. The specific circumstances are as follows:

The Company did not repurchase shares during the following periods:

(1) from the date on which major events that may have a material impact on the trading prices of the Company’s securities and their derivative products occur, or during the decision-making process, until the date on which they are required to be disclosed in accordance with the law;

(2) other circumstances prescribed by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

The Company repurchased shares through centralized competitive bidding transactions and meets the following requirements:

(1) The entrusted price shall not be the price at which the Company’s stock is subject to the daily trading price increase/decrease limit;

(2) No repurchase orders shall be placed during the Shenzhen Stock Exchange’s centralized call auction at the opening, the centralized call auction at the close, or on trading days when the stock price is not subject to price increase/decrease limits;

(3) other requirements prescribed by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

The repurchase price range and the source of funds for this repurchase of shares comply with the relevant provisions of the share repurchase plan.

Going forward, the Company will continue to implement this share repurchase plan within the repurchase period in accordance with market conditions, and will promptly fulfill its information disclosure obligations in accordance with relevant laws and regulations. Investors are kindly requested to pay attention to investment risks.

This announcement is hereby issued.

Board of Directors of Sanlìsi Co., Ltd.

April 2, 2026

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