Ningbo BoDao Co., Ltd.’s share buyback ratio reached 2%, with a cumulative expenditure of 63.9051 million yuan.

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April 8, Ningbo Boda Co., Ltd. (hereinafter referred to as “Boda Co.”) announced that as of the close of trading on April 7, 2026, the company has repurchased a total of 15.01M shares through centralized bidding, accounting for 2.0007% of the company’s total share capital, with a total payment of 63.9051 million yuan (excluding transaction fees). The repurchased shares are mainly used for employee stock ownership plans or equity incentives, marking a phased progress in the company’s buyback plan.

Background of the Buyback Plan

According to the announcement, Boda Co. held the 12th meeting of the 9th Board of Directors on April 25, 2025, and on May 21, 2025, the plan was approved at the 2024 Annual Shareholders’ Meeting. Under the plan, the company intends to use its own funds to repurchase shares via centralized bidding, with a purchase price not exceeding 4.50 yuan per share (inclusive), and a total fund range of 60 million to 120 million yuan. The buyback period is 12 months after the shareholders’ meeting approval, from May 21, 2025, to May 20, 2026.

Progress of the Buyback Implementation

As of April 7, 2026, Boda Co.'s buyback implementation details are as follows:

The announcement shows that the actual price range for this buyback was between 3.27 yuan/share and 4.50 yuan/share, with the highest price reaching the upper limit set by the plan. The total repurchase amount of 63.9051 million yuan has exceeded the lower limit of the plan (60 million yuan), accounting for 53.25% of the estimated buyback range.

Follow-up Arrangements

Boda Co. stated that it will strictly follow the “Rules for Share Repurchase by Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 7—Share Repurchase,” and other relevant regulations, and will implement buybacks opportunistically based on market conditions within the remaining buyback period, while timely fulfilling information disclosure obligations. The company reminds investors to be aware of investment risks.

The advancement of this buyback reflects the company’s confidence in its own development and also lays a foundation for the subsequent implementation of employee stock ownership plans or equity incentives. Market analysts believe that repurchasing shares for incentive plans can help boost employee enthusiasm and promote the company’s long-term development.

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Editor: Xiao Lang Express