Shanghai RAAS plans to repurchase and cancel its shares for 250 million to 500 million yuan.

Shanghai Securities News, China Securities Network Shanghai RAAS released a new share buyback plan on July 8. The company plans to use its own funds and bank special loan funds to repurchase company shares through centralized bidding, with total buyback funds not less than RMB 250 million (inclusive) and not exceeding RMB 500 million (inclusive). All repurchased shares will be canceled to reduce registered capital. This is the second round of buyback and cancellation plan launched by Shanghai RAAS in the past two years, once again conveying confidence in the company's long-term value to the market.

This cancellation-style buyback is based on the operational resilience of the company's main business and the orderly progress of its innovative pipeline.

Alongside business development, the company is also committed to sharing value with shareholders through systematic approaches. Currently, Shanghai RAAS has formed a long-term shareholder value system of "dividends + buybacks + cancellations." In 2025, under the proposal of the company's chairman, the company launched a buyback plan of RMB 250 million to RMB 500 million. As of the end of October that year, the company had cumulatively repurchased 69.08 million shares, with a total transaction amount exceeding RMB 470 million. In June 2026, 45.31 million shares from this round of buybacks completed the cancellation procedures, thereby reducing the company's total share capital to 6.593 billion shares, proportionally increasing earnings per share and net assets per share. In terms of cash dividends, the company implemented an annual dividend plan of RMB 0.33 per 10 shares for fiscal 2025, plus an interim dividend of RMB 0.153 per 10 shares for the third quarter, continuously sharing development results with shareholders.

Facing current industry pressure, the company is once again conducting a cancellation-style buyback. This both confirms the company's cash generation capability and innovation delivery, and reflects proactive counter-cyclical value management. Through concrete actions, the company safeguards shareholder interests and continues to convey management's confidence in the company's long-term value to the market. (Cai Wenjun)