Hongxin Electronics announced that the company plans to use centralized bidding transactions to repurchase the company's issued A-shares. The total repurchase capital is not less than RMB 300 million and no more than RMB 600 million, and the repurchase price will not exceed RMB 51 yuan/share. The share repurchase will be used for employee stock ownership plans or equity incentives. The funding source is own funds or self-raised funds, and the implementation period is 12 months from the date the board of directors reviews and approves the plan. Based on the upper limit of the repurchase price, it is estimated that 5.882,400 shares will be repurchased to 11.7647 million shares, accounting for about 1.21% to 2.41% of the company's total share capital. The plan was reviewed and approved by the company's board of directors on November 2, 2026, and there is no need to submit it to the shareholders' meeting for consideration.

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