Fuda Co., Ltd. announced that since the sales revenue of new energy electric drive gear products in 2025 did not meet the performance assessment target of the second lifted restricted sales period of the 2024 Restricted Stock Incentive Plan, the company plans to repurchase and cancel a total of 680,000 unbanned restricted shares held by the 7 incentive recipients. The repurchase price is 1.95 yuan/share plus bank deposit interest for the same period. The funding source is its own capital. The repurchase and cancellation is expected to be completed on November 5, 2026. After completion, the total number of shares of the company will be reduced to 644.9707 million shares, which will not lead to a change in actual controllers. The share distribution is still subject to listing conditions, and subsequent formalities such as industrial and commercial changes will be carried out in accordance with the law.

Fuda Co., Ltd. announced that since the sales revenue of new energy electric drive gear products in 2025 did not meet the performance assessment target of the second lifted restricted sales period of the 2024 Restricted Stock Incentive Plan, the company plans to repurchase and cancel a total of 680,000 unbanned restricted shares held by the 7 incentive recipients. The repurchase price is 1.95 yuan/share plus bank deposit interest for the same period. The funding source is its own capital. The repurchase and cancellation is expected to be completed on November 5, 2026. After completion, the total number of shares of the company will be reduced to 644.9707 million shares, which will not lead to a change in actual controllers. The share distribution is still subject to listing conditions, and subsequent formalities such as industrial and commercial changes will be carried out in accordance with the law.