Lianyun Technology announced that on November 12, 2026, the board of directors of the company received a “Letter on Proposing Lianyun Technology Co., Ltd. to repurchase the company's shares” from Ms. Fang Xiaoling, the actual controller and chairman of the company. Ms. Fang Xiaoling proposed that the company use its own or self-raised funds to repurchase some of the company's issued RMB common shares through centralized bidding transactions through the Shanghai Stock Exchange stock trading system. The total repurchase capital is not less than RMB 25 million, not more than RMB 50 million. The repurchase of shares is intended to be used for employee equity incentives or employee stock ownership plans. The repurchase period is 12 months from the date the company's board of directors reviews and approves the repurchase plan. Ms. Fang Xiaoling promised to actively push the board of directors of the company to review the share repurchase matters as soon as possible and vote in favor of the company's share repurchase bill at the board of directors meeting.

Lianyun Technology announced that on November 12, 2026, the board of directors of the company received a “Letter on Proposing Lianyun Technology Co., Ltd. to repurchase the company's shares” from Ms. Fang Xiaoling, the actual controller and chairman of the company. Ms. Fang Xiaoling proposed that the company use its own or self-raised funds to repurchase some of the company's issued RMB common shares through centralized bidding transactions through the Shanghai Stock Exchange stock trading system. The total repurchase capital is not less than RMB 25 million, not more than RMB 50 million. The repurchase of shares is intended to be used for employee equity incentives or employee stock ownership plans. The repurchase period is 12 months from the date the company's board of directors reviews and approves the repurchase plan. Ms. Fang Xiaoling promised to actively push the board of directors of the company to review the share repurchase matters as soon as possible and vote in favor of the company's share repurchase bill at the board of directors meeting.