Qingniao Fire Protection repurchased shares totaling 1.07%, with a cumulative buyback of 9.38M shares, and the highest transaction price was 11.76 yuan per share.

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Qingniao Fire Protection Co., Ltd. (hereinafter referred to as “Qingniao Fire Protection”) announced the progress of share repurchase on March 25, 2026, disclosing that as of that day, the company had repurchased a total of 9.3832 million shares, accounting for 1.07% of the company’s total share capital, with the highest transaction price of 11.76 yuan per share. This repurchase is a phased progress of the share repurchase plan previously disclosed by the company, aimed at implementing employee stock ownership plans or equity incentives.

Background of the Repurchase Plan

According to the announcement, Qingniao Fire Protection held the 15th meeting of the fifth board of directors on March 13, 2026, and approved the “Proposal on the Company’s Share Repurchase Plan.” Under this plan, the company intends to use its own funds and self-raised funds (including special loan funds for stock repurchase, etc.) to repurchase A-shares through centralized bidding transactions. The repurchase price shall not exceed 16 yuan per share, and the number of shares to be repurchased will be between 2.5% and 5% of the company’s total share capital, i.e., not less than 21.9952 million shares and not more than 43.9904 million shares. The repurchase period is within 12 months from the date the board of directors approves the plan.

Progress of the Repurchase Implementation

As of March 25, 2026, Qingniao Fire Protection had repurchased 9.3832 million shares (specifically 9,383,180 shares) through a dedicated securities account for repurchase via centralized bidding, accounting for 1.07% of the company’s total share capital. The highest transaction price for this repurchase was 11.76 yuan per share, not exceeding the 16 yuan per share ceiling set in the repurchase plan.

Compliance Statement

The announcement emphasizes that the timing, quantity, price, and trading hours for this share repurchase comply with relevant regulations such as the “Guidelines for Self-Regulatory Supervision of Listed Companies No. 9 — Share Repurchase” by the Shenzhen Stock Exchange and the company’s repurchase plan requirements. Specifically, the company did not repurchase shares during major decision-making and disclosure periods that could significantly impact the stock price, and the entrusted purchase price did not reach the daily trading price limit, nor did it conduct repurchase entrustments during opening call auctions, closing call auctions, or trading days without price fluctuation limits.

Follow-up Plan

Qingniao Fire Protection stated that it will continue to implement this repurchase plan within the repurchase period based on market and company conditions, and will fulfill its information disclosure obligations in accordance with relevant laws and regulations in a timely manner. The company reminds investors to be aware of investment risks.

This repurchase reflects the company’s confidence in its future development and recognition of its value. The repurchased shares will be used for employee stock ownership plans or equity incentives, which will help further improve corporate governance, motivate employees, and enhance the company’s long-term value.

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