Guangzhou Steel Gas announced that on November 4, 2026, Chairman Deng Tao of the company proposed that the company use its own or self-raised funds to repurchase some A-shares through centralized bidding transactions, with a total repurchase capital of not less than 200 million yuan and no more than 400 billion yuan. The repurchase price shall not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board of directors deliberates and approves the buyback plan. The repurchase period is 12 months from the date the board of directors deliberates and approves the repurchase plan. Shares are to be repurchased for equity incentives, employee stock ownership plans, etc., and will be cancelled if not used within 3 years. This repurchase is subject to approval procedures, and there is uncertainty.

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