Chairman of Zhongchuang Zhiling (00564) proposed to buy back 300 million to 400 million yuan of A-shares

Zhitong Finance App News, Zhongchuang Zhiling (00564) announced that on July 15, 2026, the company received the “Letter on Proposing Zhongchuang Zhiling (Zhengzhou) Industrial Technology Group Co., Ltd. to repurchase the company's A shares” from the company's chairman. Mr. Jiao Chengyao proposed that the company use its own funds or self-raised funds to repurchase some A shares through centralized bidding to cancel and reduce the company's registered capital and implement an equity incentive/employee stock ownership plan in response to the Shanghai Stock Exchange's “On Launching Shanghai and Shanghai Companies to “Increase Quality and Efficiency and Increase Return 2.0"” “Special Action Initiative” to implement the company's 2026 “Improve Quality, Increase Efficiency, and Value Return” special action plan.

50% of the A-shares repurchased this time will be used to cancel and reduce the company's registered capital, and 50% will be used to implement equity incentives/employee stock ownership plans in the future. The specific use will be determined by the board of directors of the company in accordance with relevant laws and regulations. The repurchase capital is not less than RMB 300 million (inclusive), and not more than RMB 400 million (inclusive). The details are subject to the share repurchase plan reviewed and approved by the board of directors.

According to reports, from January 20, 2026 to January 21, 2026, Mr. Jiao Chengyao reduced his A-share holdings by 1 million shares through centralized bidding. Other than the above circumstances, the proponent had no other circumstances where the company's shares were traded within 6 months prior to the proposal.