Wangsu Technology announced that the second meeting of the 7th board of directors of the company reviewed and passed a number of proposals. First, it is proposed to use its own or self-raised capital of 300-600 million yuan to repurchase shares and cancel them through centralized bidding transactions. The maximum repurchase price does not exceed 21.17 yuan/share. The implementation period is 12 months from the date the shareholders' meeting passes, and the bill still needs to be reviewed by the shareholders' meeting; second, it is agreed to provide a joint liability guarantee of no more than 20 million US dollars for the wholly-owned subsidiary Wangsu Technology FZ - LLC to apply for credit from CCB Shanghai Xuhui Branch, which is valid for 1 year; the third extraordinary shareholders' meeting is scheduled to be held on August 25, 2026.

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