Piotech: Chairman proposes that the company intends to repurchase company shares for RMB 200 million to RMB 300 million.

Piotech announced that the company's chairman, L Guangquan, proposed on October 15, 2026 that the company use its own funds to repurchase A-shares through centralized bidding, with a total amount of no less than RMB 200 million and no more than RMB 300 million, and a repurchase price no higher than 150% of the average trading price of the company's shares over the 30 trading days preceding the board of directors' resolution approving the repurchase plan. The repurchased shares are intended to be used for employee equity incentives/employee stock ownership plans or to reduce the company's registered capital, with a term of 12 months from the date the board of directors approves the repurchase plan; the repurchase matter still requires approval before it can be implemented.