Botai Vehicle Connectivity Shareholders' Meeting Approves Share Repurchase Authorization; Capital Operation Reserves Demonstrate Management's Long-Term Confidence

On March 26, Botai Automotive Network released a “Voluntary Announcement - Intent to Repurchase Shares on the Market,” which indicates that the special resolution passed at the extraordinary general meeting grants the board of directors a general authorization for share repurchase. This means the company has officially obtained the flexibility to buy back shares at the appropriate time, allowing ample space for subsequent market value management and shareholder returns.

According to the content of the repurchase authorization, the company is permitted to buy back up to 10% of the total issued H-shares, which allows for a maximum repurchase of 7,099,784 H-shares, intending to repurchase company H-shares from the open market from time to time. The company stated that this move aims to promote sustainable operation and development, maintain long-term investor interests, and maximize shareholder value.

Share repurchase is a classic tool for listed companies to convey confidence to the market and is an effective means to proactively optimize capital structure and enhance shareholder returns. The acquisition of this repurchase authorization reflects the management’s firm judgment on the company’s technological barriers, commercialization capabilities, and long-term growth potential.

Market participants believe that when listed companies apply for repurchase authorization in advance, it is more about strategic reserve considerations. After obtaining authorization, the board of directors will have the flexibility to make decisions at the appropriate time in the future; when market conditions change, they can actively engage in value management through the repurchase mechanism. This “prepared but unused” arrangement is a pragmatic maintenance of shareholder rights and demonstrates the company’s sense of responsibility in actively managing value through market-oriented means and collaborating with investors for long-term development.

Behind a series of layouts is Botai Automotive Network’s solid operational fundamentals and continuous positive business progress. As a company focused on the smart vehicle track with highly engineered hardware capabilities in AI applications, it has built a full-stack technical capability of “software + hardware + cloud,” continuously leading in the high-end smart cockpit market share. Since going public, the company has consecutively secured multiple high-end project designations and received initial coverage from several leading brokerage firms, which assigned a “buy” rating, providing a solid business foundation and market confidence for the company’s ongoing layout in the capital market.

From going public, entering the market, to obtaining repurchase authorization approval, Botai Automotive Network is injecting more certainty into its long-term development through proactive capital operations. Looking ahead, with the preparation of the repurchase authorization tool in place, the company will have more flexible means to respond to market changes, while solidifying investor confidence and providing a strong capital backing for the continuous deepening of its AI strategy.