公牛集团股份有限公司关于注销部分回购股份的实施公告

Core Viewpoint - The company, Bull Group Co., Ltd., has decided to change the purpose of certain repurchased shares and proceed with their cancellation, which will reduce the registered capital and total share capital of the company [2][7]. Summary by Sections 1. Repurchase Share Basic Information - The company approved a repurchase plan on April 25, 2024, to buy back shares using its own funds, initially intended for employee stock incentive plans [3]. - The company completed the 2024 repurchase plan by acquiring 3,925,383 shares, representing 0.30% of the total share capital, with a total expenditure of approximately RMB 324.9973 million [3]. - The 2025 repurchase plan was approved on April 23, 2025, with a total of 5,036,025 shares repurchased, accounting for 0.28% of the total share capital, at a total cost of approximately RMB 250.2001 million [5]. 2. Cancellation of Repurchased Shares - The company plans to cancel 63,890 shares from the repurchase accounts, which is 0.004% of the total share capital before cancellation, changing the total share capital from 1,807,973,428 shares to 1,807,909,538 shares [2][7]. - The cancellation process is scheduled to be completed by January 7, 2026, and complies with relevant legal requirements [2][8]. 3. Impact on Share Structure - Following the cancellation, the company's total share capital will be adjusted, but the ownership structure will remain compliant with listing requirements, and the proportion held by major shareholders will increase without crossing significant thresholds [9][10]. - The cancellation is not expected to have a significant impact on the company's financial status, operational results, or debt repayment capabilities [10]. 4. Future Arrangements - The company will undertake necessary legal registrations and disclosures following the completion of the share cancellation [10].