Core Viewpoint - Shunfa Hengneng Co., Ltd. has not yet implemented its previously approved share repurchase plan, which has a total funding range of 250 million to 500 million yuan and a repurchase price cap of 4.95 yuan per share, with approximately three months remaining until the deadline [1][3]. Summary by Sections Repurchase Plan Overview - The company plans to use its own funds and special loan funds for share repurchase, with a total funding range of 250 million to 500 million yuan and a maximum repurchase price of 4.95 yuan per share [2]. - The repurchase period is set for 12 months from the approval date of February 12, 2025, until February 11, 2026 [2]. Progress Disclosure - As of November 30, 2025, the company has not executed any share repurchases, with approximately three months left in the repurchase period [3]. - About nine months have passed since the approval of the repurchase plan, which accounts for three-quarters of the total 12-month period [3]. Future Arrangements - The company will proceed with the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required by law [4]. - Market analysts suggest that the implementation of the repurchase plan is typically influenced by market conditions and the company's financial arrangements, indicating that the timing of the repurchase remains uncertain [4].

Core Viewpoint - The company plans to implement a share buyback program using its own funds and special loan funds, with a total buyback amount between RMB 250 million and RMB 500 million, and a maximum buyback price of RMB 4.95 per share [1] Group 1 - As of August 31, 2025, the company has not yet executed any share buybacks [1] - The buyback will be conducted through centralized bidding and aims to cancel shares to reduce registered capital [1] - The buyback period is set for 12 months following the approval of the buyback plan at the company's first extraordinary general meeting of shareholders in 2025 [1]