Quzhou Dongfeng Announcement on the Progress of Share Repurchase
Securities code: 601515 Securities abbreviation: Quzhou Dongfeng Announcement number: 2026-014
Quzhou Dongfeng New Materials Group Co., Ltd.
Announcement on progress of share repurchase
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 repurchase plan was first disclosed on February 12, 2026, and is managed by the company’s controlling shareholder Quzhou Zhishang Enterprise
Partnership (Limited Partnership) Proposal
The implementation period of the buyback plan is February 11, 2026 ~ February 10, 2027
The estimated repurchase amount is 50 million yuan to 100 million yuan
□Reduce registered capital
√Used 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 2,612,700 shares
The cumulative number of repurchased shares accounts for 0.1358% of the total share capital.
The cumulative repurchased amount is 9,999,016.80 yuan
The actual repurchase price range is 3.80 yuan/share~3.85 yuan/share
1. Basic information on share repurchase
The 11th meeting of the sixth board of directors of Quzhou Dongfeng New Materials Group Co., Ltd. (hereinafter referred to as the "Company") held on February 11, 2026 reviewed and approved the "Proposal on the Plan for Repurchasing Shares through Centralized Bidding Transactions", agreeing 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 share repurchase is no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive). All the repurchased shares will be used to implement employee stock ownership plans or equity incentives. The price of the share repurchase does not exceed RMB 6.48 per share (inclusive), and the upper limit of the repurchase price does not exceed 150% of the company's average stock trading price 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 company's board of directors considers and approves the repurchase plan (for details, please see the company's announcement No. 2026-008 disclosed on the Shanghai Stock Exchange website www.sse.com.cn on February 13, 2026).
The "Proposal on the Plan for Repurchasing Shares through Centralized Bidding Transactions" has been reviewed and approved by the board of directors meeting attended by more than two-thirds of the directors. This plan for repurchasing shares will take effect from the date of the resolution of the board of directors and does not need to be submitted to the company's shareholders' meeting for review.
2. Progress of share repurchase
According to 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, during the repurchase period, the company should disclose the progress of the repurchase as of the end of the previous month within the first three trading days of each month. The progress of the company’s share repurchase is now announced as follows:
In March 2026, the company repurchased 2,612,700 shares through centralized bidding transactions through the Shanghai Stock Exchange trading system, accounting for approximately 0.1358% of the company's current total share capital. The highest price of the repurchase transaction was RMB 3.85 per share, and the lowest price was RMB 3.80 per share. The total amount paid was RMB 9,999,016.80 (excluding transaction fees).
As of March 31, 2026, the company has repurchased a total of 2,612,700 shares through centralized bidding transactions through the Shanghai Stock Exchange trading system, accounting for approximately 0.1358% of the company's current total share capital. The highest price of the repurchase transaction was RMB 3.85 per share, and the lowest price was RMB 3.80 per share. The total amount paid was RMB 9,999,016.80. yuan (excluding transaction fees).
This share repurchase complies with the relevant provisions of laws and regulations and the requirements of the company's share repurchase plan.
3. Change or termination of repurchase plan
Not applicable
4. Other matters
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. At the same time, it will perform information disclosure obligations in a timely manner based on the progress of the share repurchase matter. Investors are advised to pay attention to investment risks.
Announcement is hereby made.
Board of Directors of Quzhou Dongfeng New Materials Group Co., Ltd.
April 2, 2026