CX Technology: Proposes to Repurchase Company Shares for RMB 1 Billion to RMB 2 Billion

CX Technology issued an announcement stating that the company's board of directors received a letter on October 16, 2026 from Chairman Zhu Yiming proposing a share repurchase. The repurchase is planned to be conducted via centralized bidding transactions, with a total capital amount of no less than RMB 1 billion (inclusive) and no more than RMB 2 billion (inclusive). The repurchase price will not exceed 150% of the company's average stock trading price in the 30 trading days prior to the board of directors' approval of the repurchase plan resolution. The repurchased shares are intended to be used for employee equity incentives, employee stock ownership plans, or to reduce the company's registered capital. The relevant plan is still subject to approval by the board of directors or the shareholders' meeting.

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