宁波杉杉股份有限公司 关于已回购股份首次集中竞价减持的进展公告

Core Viewpoint - The company, Ningbo Shanshan Co., Ltd., is actively engaging in share repurchase and reduction plans to maintain company value and shareholder rights, with specific timelines and conditions outlined for both activities [2][3]. Share Repurchase Details - The company plans to repurchase a total of 53,483,803 shares, which represents 2.38% of the current total share capital, during two periods: from February to April 2024 and from June to August 2024 [2]. - The repurchased shares will be sold through centralized bidding within 12 months after the announcement of the repurchase results, and must be completed within three years; any unsold shares will be canceled [2]. Reduction Plan Progress - The company intends to reduce up to 22,494,128 shares (1% of total share capital) from February 26 to May 25, 2026, at market prices [3]. - On February 26, 2026, the company executed its first reduction, selling 10,035,800 shares (0.45% of total share capital) for a total of 150.2 million yuan, with an average price of approximately 14.97 yuan per share [3]. Background on Reduction Entities - The shares being reduced were initially repurchased for maintaining company value and for employee stock incentives, with 53,483,803 shares for value maintenance and 47,735,691 shares for incentives [4]. Implementation Progress of Reduction Plan - The reduction plan is consistent with previously disclosed plans and commitments, with no significant corporate actions like stock splits or mergers planned during the reduction period [6].