Suwen Electric announced that on July 12, 2026, the company received a letter from the actual controller, chairman and general manager, Mr. Shi Xiaobo, proposing to repurchase the company's shares. Mr. Shi Xiaobo proposed that the company use its own funds to repurchase some of the RMB common shares already issued by the company through the Shenzhen Stock Exchange trading system. The upper limit of the share repurchase price should not be higher than 150% of the average stock trading price in the 30 trading days before the board of directors reviewed and approved the repurchase plan, and not exceed RMB 18 yuan/share. The total repurchase capital was not less than RMB 30 million, not more than RMB 60 million. The repurchase period was 12 months from the date the company's board of directors reviewed and approved the repurchase plan.

Suwen Electric announced that on July 12, 2026, the company received a letter from the actual controller, chairman and general manager, Mr. Shi Xiaobo, proposing to repurchase the company's shares. Mr. Shi Xiaobo proposed that the company use its own funds to repurchase some of the RMB common shares already issued by the company through the Shenzhen Stock Exchange trading system. The upper limit of the share repurchase price should not be higher than 150% of the average stock trading price in the 30 trading days before the board of directors reviewed and approved the repurchase plan, and not exceed RMB 18 yuan/share. The total repurchase capital was not less than RMB 30 million, not more than RMB 60 million. The repurchase period was 12 months from the date the company's board of directors reviewed and approved the repurchase plan.