Long Magnetic Technology: Plans to reduce holdings of repurchased shares by no more than 1.51%

Longci Magnetics Technology Announcement: The company plans to reduce its repurchased shares by no more than 1.8053 million shares, representing 1.51% of the total share capital, through centralized bidding within 6 months after the disclosure date (from April 14, 2026, to October 13, 2026). The reduction ratio during any continuous 90 natural days shall not exceed 1%. The price will be determined based on the secondary market at the time. Previously, as of May 6, 2024, the company had repurchased 1.8053 million shares, representing 1.5027% of the total share capital, with a highest transaction price of 23.45 yuan per share and a lowest transaction price of 19.95 yuan per share, for a total transaction amount of 39.988 million yuan.

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