中山大洋电机股份有限公司关于回购公司股份的进展公告

Core Viewpoint - The company, Zhongshan Dayang Electric Co., Ltd., has initiated a share repurchase plan to enhance shareholder value and support employee stock ownership and incentive plans, with a total repurchase budget between RMB 120 million and RMB 200 million, and a maximum repurchase price of RMB 7 per share [2][4]. Group 1: Share Repurchase Plan - The company approved a share repurchase plan on November 11, 2024, using its own funds and special loan funds for the purpose of repurchasing shares from the secondary market [2]. - The total amount for the repurchase is set between RMB 120 million and RMB 200 million, with a maximum repurchase price of RMB 7 per share, and the repurchase period is 12 months from the board's approval [2]. - As of August 31, 2025, the company has repurchased a total of 11,171,000 shares, accounting for 0.46% of the total share capital, with a total transaction amount of RMB 68,328,321 [4]. Group 2: Adjustments and Compliance - The maximum repurchase price was adjusted to RMB 6.87 per share following the implementation of the 2024 annual equity distribution plan [3]. - The company has complied with relevant regulations regarding the timing and pricing of share repurchases, ensuring no repurchases occurred during periods that could significantly impact stock prices [5][6]. Group 3: Equity Incentive Plan - On August 18, 2025, the company approved the 2025 stock option and stock appreciation rights incentive plans, with the list of incentive objects publicly disclosed from August 22 to September 1, 2025 [7]. - The remuneration and assessment committee confirmed that all proposed incentive objects meet the qualifications set forth in relevant laws and regulations, and no objections were raised during the public disclosure period [8][9].