Jianfeng Group: Intends to spend 20-40 million yuan to buy back the company's shares

Recently, Jianfeng Group issued a progress announcement on the repurchase of the company's shares through centralized bidding transactions.

Zhejiang Jianfeng Group Co., Ltd. (Hereinafter referred to as the "Company") held the 7th meeting of the 12th Board of Directors on April 18, 2025, deliberated and adopted the Bill on the Scheme of Repurchasing the Company's Shares by Centralized Bidding Transaction, and agreed that the company should use its own funds and self-financing funds to repurchase the company's shares by centralized bidding transaction. It is estimated that the total amount of funds for share repurchase will be RMB20 million (inclusive) to RMB40 million (inclusive), the repurchase price will not exceed RMB15.00 per share (inclusive), and the repurchase period will be within 12 months from the date of approval of the share repurchase plan by the board of directors of the Company.

According to the relevant provisions of the Rules for Share Repurchase of Listed Companies and the Guidelines for Self-discipline Supervision of Listed Companies of Shanghai Stock Exchange No.7-Share Repurchase, during the period of share repurchase, listed companies shall announce the progress of repurchase as of the end of the previous month within the first three trading days of each month. The repurchase is hereby announced as follows:

As of May 31, 2025, the Company has not conducted any repurchase transaction.