-- Announcement on Progress in Repurchasing Shares through Call Auction
Securities code: 601515 Securities abbreviation: Dongfeng Group Announcement number: 2025-067
Guangdong Dongfeng New Materials Group Co., Ltd.
Announcement on the progress of repurchasing shares through centralized bidding transactions
The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content reminder:
The first disclosure date of the repurchase plan is 2024/9/10
The implementation period of the repurchase plan is 12 months after it is reviewed and approved by the shareholders’ meeting.
The estimated repurchase amount is 50 million yuan to 100 million yuan
√Reduce registered capital
□For employee stock ownership plans or equity incentives
Repurchase purpose
□Used to convert company convertible bonds
□To protect the company’s value and shareholders’ rights and interests
The cumulative number of shares repurchased is 12,693,304 shares
The cumulative number of shares repurchased accounts for 0.68% of the total share capital.
The cumulative repurchased amount is 50,132,123.16 yuan
The actual repurchase price range is 3.03 yuan/share~4.85 yuan/share
1. Basic information on share repurchase
The 16th meeting of the fifth board of directors of Guangdong Dongfeng New Materials Group Co., Ltd. (hereinafter referred to as the "Company") held on September 9, 2024 and the third extraordinary general meeting of shareholders of 2024 held on September 20, 2024, have respectively reviewed and approved the "Proposal on the Plan to Repurchase Shares through Centralized Bidding Transactions", and agreed that the company will use its own funds to repurchase the company's shares through centralized bidding transactions. The total amount of funds for the repurchase of shares shall be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive). All the shares repurchased will be used to cancel and reduce the company's registered capital. The price of the share repurchase does not exceed RMB 3.93 per share (inclusive), and the upper limit of the repurchase price does not exceed 150% of the average trading price of the company's stock in the 30 trading days before the board of directors considers and approves the resolution to repurchase shares. The implementation period of this share repurchase shall not exceed 12 months from the date the repurchase plan is reviewed and approved by the company's shareholders' meeting (for details, please see the company's announcement No. 2025-011 disclosed on the Shanghai Stock Exchange website www.sse.com.cn on February 14, 2025).
The company's third meeting of the sixth board of directors held on August 20, 2025 reviewed and approved the "Proposal on Adjusting the Price Cap for Repurchasing Shares". Based on the company's firm confidence in the company's future sustainable development and high recognition of the company's value, combined with the capital market conditions and the company's stock price trends, and at the same time in order to ensure the smooth implementation of this share repurchase matter and effectively safeguard the company's value and shareholders' interests, it was agreed to increase the price limit for share repurchase from no more than RMB 3.93. Yuan/share (inclusive) is adjusted to no more than RMB 6.28/share (inclusive). The adjusted upper price limit for repurchased shares does not exceed 150% of the average trading price of the company's stock in the 30 trading days before the board of directors considers and approves the resolution to adjust the price limit for repurchased shares. Except for adjusting the upper limit of the price of repurchased shares, other contents of this repurchase plan remain unchanged (for details, please see the company’s announcement No. 2025-060 disclosed on the Shanghai Stock Exchange website www.sse.com.cn on August 21, 2025).
2. Progress of share repurchase
In accordance with the "Share Repurchase Rules of Listed Companies", "Shanghai Stock Exchange Self-Regulatory Supervision Guidelines for Listed Companies No. 7 - Repurchase of Shares" and other relevant regulations, the progress of the company's share repurchase is now announced as follows:
As of September 10, 2025, the company has repurchased a total of 12,693,304 shares through centralized bidding transactions through the Shanghai Stock Exchange trading system, accounting for approximately 0.68% of the company's current total share capital. The highest price of the repurchase transaction was RMB 4.85 per share, and the lowest price was RMB 3.03 per share. The total amount paid was RMB 50,132,123.16 yuan (excluding transaction costs), the total amount of repurchase has exceeded the lower limit of the expected repurchase amount, which is RMB 50 million.
The above-mentioned share repurchase complies with the relevant provisions of laws and regulations and the requirements of the company's share repurchase plan.
3. Other matters
As of the disclosure date of this announcement, the company's share repurchase has not yet concluded. The company will strictly abide by the "Share Repurchase Rules for Listed Companies", "Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 7 - Repurchase of Shares" and other relevant regulations, make repurchase decisions based on market conditions during the repurchase period and implement them, and at the same time perform information disclosure obligations in a timely manner based on the progress of the share repurchase matter. Investors are kindly requested to pay attention to investment risks.
Announcement is hereby made.
Board of Directors of Guangdong Dongfeng New Materials Group Co., Ltd.
September 11, 2025