Yonghe Shares plans to repurchase shares with a maximum amount of 300 million yuan, at an upper limit of 38 yuan per share.

On July 16, 2026, Yonghe Shares announced a share repurchase plan on the evening of July 15. The company plans to use self-owned or self-raised funds to conduct the share repurchase, with a total repurchase amount ranging from 150 million yuan to 300 million yuan. The repurchased shares will be used for employee stock ownership, equity incentives, and reducing registered capital.

According to the information disclosed in this repurchase plan, this share repurchase will be conducted entirely through centralized competitive bidding, with the upper limit of the repurchase price set at 38 yuan per share. Calculated based on the price ceiling of 38 yuan per share, the number of shares the company can repurchase this time ranges from 3.93 million shares to 7.88 million shares, accounting for 0.77% to 1.54% of the company's total share capital.

This repurchase plan was formally proposed by the company on July 15, 2026. The plan must be approved by the company's shareholders' general meeting before it can be launched. The overall implementation period is within 9 months after the shareholders' general meeting approves it. The source of the repurchase funds is the company's own funds or self-raised funds. The repurchased shares will not be used for convertible bond conversion or for purposes related to maintaining company value and shareholder rights and interests.

On the trading day preceding the disclosure node, namely July 15, 2026, Yonghe Shares closed at 36.76 yuan per share. This price is lower than the upper limit of 38 yuan per share for this repurchase. The company's total market capitalization reached 18.8 billion yuan on that day.

Industry analysts stated that listed companies launching repurchase plans, on the one hand, bind the interests of core employees through equity incentives and employee stock ownership, improving long-term incentive mechanisms; on the other hand, reducing registered capital through share repurchases can optimize the company's share capital structure, increase earnings per share, and convey the management's confidence in the company's long-term development.

The upper limit of Yonghe Shares' repurchase price this time is higher than the current secondary market price, which also reserves sufficient price space for subsequent share repurchase operations.

This repurchase plan still needs to await approval by the shareholders' general meeting. Subsequently, the company will orderly advance the repurchase operations within the implementation period based on the review results, the trend of secondary market stock prices, and other factors, and disclose the repurchase progress in a timely manner in accordance with regulatory requirements.