Jiujiang Defu Technology Co., Ltd. Buyback Progress: Spent 91.1 million yuan to repurchase 2.7473 million shares, accounting for 0.44% of the total share capital.

2026-04-05 11:49:10

Abstract generation in progress

On April 1, Jiujiang Defu Technology Co., Ltd. (hereinafter referred to as “Jiujiang Defu Technology”) released an announcement on the progress of its share repurchase, disclosing the company’s share repurchase implementation as of March 31, 2026. The announcement shows that the company has, by means of centralized bidding transactions, cumulatively repurchased 2.7473 million shares, accounting for 0.44% of the total share capital, with a total payment of approximately 91.1068 million yuan, which has exceeded the minimum capital amount specified in the repurchase plan.

Repurchase Progress: Completed 121.48% of the Minimum Capital Amount

According to the announcement, as of March 31, 2026, Jiujiang Defu Technology has, through its stock repurchase special securities account and by means of centralized bidding transactions, cumulatively repurchased 2,747,296 shares of the company, i.e., 2.7473 million shares, accounting for 0.44% of the company’s current total share capital. During the repurchase period, the highest成交 price was 40.00 yuan per share, the lowest成交 price was 28.50 yuan per share, and the cumulative total payment was 91,106,767.37 yuan, i.e., approximately 91.1068 million yuan.

Item
Specific data
—
Number of repurchased shares
2.7473 million shares (2,747,296 shares)
Proportion of total share capital
0.44%
Highest成交 price
40.00 yuan/share
Lowest成交 price
28.50 yuan/share
Total payment
91.1068 million yuan (91,106,767.37 yuan)

Recap of the Repurchase Plan: Capital Range from 75 Million to 150 Million Yuan

As disclosed in the announcement, Jiujiang Defu Technology held the 20th meeting of the third session of the board of directors on January 15, 2026 and approved the share repurchase plan. Under the plan, the company intends to use its own funds and funds raised for the repurchase of part of its shares via centralized bidding transactions, to implement an employee share ownership plan or equity incentives. The repurchase price will not exceed 53.46 yuan per share (inclusive). The total funds will be no less than 75 million yuan (inclusive) and no more than 150 million yuan (inclusive). The implementation period of the repurchase will be within 12 months from the date the board approves the matter (i.e., through January 14, 2027).

From this latest progress, the repurchase funds already paid by the company amounting to 91.1068 million yuan have exceeded the plan’s lower limit of “no less than 75 million yuan,” completing 121.48% of the minimum capital amount (91.1068/75), but it has not yet reached the upper limit of 150 million yuan.

Compliance Note: Strict Adherence to Trading Rules

The announcement emphasizes that this repurchase complies with the requirements of relevant laws and regulations as well as the established plan. The company did not carry out repurchases during sensitive periods such as “the period in which significant events or decisions that may have a material impact on the trading price of securities occur or are made up to the disclosure date,” and the repurchase filings strictly complied with regulatory requirements, including that “the commission price shall not be the price limit for the day’s upward movement” and “no commission placed for trading during the opening/closing call auctions and on trading days without limits on price movement,” etc.

Next Steps: Continue Implementing Based on Market Conditions

Jiujiang Defu Technology stated that going forward, it will continue to implement the repurchase plan within the repurchase period according to market conditions, and will promptly fulfill information disclosure obligations in accordance with relevant laws and regulations. The company reminds investors to be mindful of investment risks.

This share repurchase is based on the company’s confidence in its future development and its recognition of the company’s value. By using repurchased shares for employee incentives, it helps stabilize investors’ expectations and further improve the company’s long-term incentive mechanism.

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