Ningbo Bodao Co., Ltd. Announcement on the Progress of Share Repurchase via Centralized Bidding Transactions Reaching 1% of the Total Share Capital

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Stock code: 600130 Stock abbreviation: *ST Weida Announcement No.: 2026-015

Ningbo Weida Co., Ltd. Announcement on Repurchasing the Company’s Shares Using the Centralized Bidding Trading Method

The Repurchase Ratio Reaches 1% of Total Share Capital, and an Update on Share Repurchase Progress

This company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents.

Key Matters to Note:

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I. Basic Information on the Repurchase of Shares

On April 25, 2025, the company held the 12th meeting of the ninth session of the board of directors, and on May 21, 2025, it held the 2024 annual general meeting of shareholders, which approved the “Proposal on Repurchasing Shares Using the Centralized Bidding Trading Method.” The company agreed to use its own funds to repurchase shares at a price not exceeding RMB 4.50 per share (inclusive) through the centralized bidding trading method. The total repurchase funds shall not be less than RMB 60 million (inclusive) and not exceed RMB 120 million (inclusive). The repurchase purpose is for an employee share ownership plan or equity incentives. The repurchase period is 12 months from the date the shareholders’ meeting approves the proposal. For details, see the “Weida Shares’ Plan on Repurchasing Shares Using the Centralized Bidding Trading Method” and the “*ST Weida’s Repurchase Report on Repurchasing Shares” disclosed by the company on April 29, 2025, and May 22, 2025, on the website of the Shanghai Stock Exchange (www.sse.com.cn).

II. Progress of the Repurchase of Shares

Pursuant to the “Rules for Share Repurchase by Listed Companies” and the relevant provisions of the “Shanghai Stock Exchange Listed Company Self-Regulatory Guidance No. 7 — Share Repurchase,” when the proportion of shares repurchased by a listed company increases by every 1%, the company shall issue an announcement within three trading days from the date that fact occurs. The company hereby announces the progress of its share repurchase as follows:

As of the close of trading on March 24, 2026, through the company’s dedicated securities account for share repurchase, using the centralized bidding trading method, the company has cumulatively repurchased 14,335,391 shares, accounting for 1.9114% of the company’s total share capital. The highest purchase price was RMB 4.50 per share, and the lowest purchase price was RMB 3.27 per share. The total amount paid is RMB 60,987,014.40 (excluding transaction fees).

The above share repurchases comply with relevant laws and regulations and the company’s share repurchase plan.

III. Other Matters

The company will strictly comply with the “Rules for Share Repurchase by Listed Companies,” the “Shanghai Stock Exchange Listed Company Self-Regulatory Guidance No. 7 — Share Repurchase,” and other relevant provisions. During the repurchase period, it will make and implement repurchase decisions in a timely manner based on market conditions. At the same time, it will promptly fulfill its information disclosure obligations in accordance with the progress of the repurchase matters. Investors are kindly requested to pay attention to investment risks.

This announcement is hereby issued.

Board of Directors of Ningbo Weida Co., Ltd.

March 25, 2026

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