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.

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.