*ST 波导股份回购进展公告详细解读

一、公告要点梳理

• 回购方案首次披露日期：2025年4月29日
• 回购实施期限：2025年5月21日至2026年5月20日，为期一年
• 预计回购金额：6,000万元至12,000万元
• 回购用途：用于员工持股计划或股权激励（非减少注册资本、非可转债转换、非单纯维护公司价值）
• 回购价格上限：4.50元/股（含）
• 最新回购进展：截至2026年4月7日，公司已累计回购1,500.5391万股，占总股本2.0007%，累计回购金额为63,905,057.40元（不含交易费用），回购价格区间在3.27元/股至4.50元/股。

二、回购方案详细情况

公司于2025年4月25日召开第九届董事会第十二次会议，并于2025年5月21日召开2024年年度股东大会，审议通过了以自有资金通过集中竞价交易方式回购股份的议案。
本次回购的资金总额不低于6,000万元（含），不超过12,000万元（含），回购股票价格不超过4.50元/股（含）。回购股份全部用于员工持股计划或股权激励，体现公司对核心员工的激励和利益绑定，强化公司治理结构和激发团队积极性。

三、回购进展及影响

截至2026年4月7日，公司通过回购专用证券账户以集中竞价方式，累计回购股份15,005,391股，占总股本2.0007%，回购价格最高为4.50元/股，最低为3.27元/股，已支付回购资金6,390.50574万元（不含交易费用）。
根据相关法规，当回购股份比例每增加1%时，公司需在三日内公告。本次回购进展符合法律法规及公司回购方案规定。

四、对投资者及股价的潜在影响

• 回购行为通常被市场解读为公司对自身价值的认可，有助于提振市场信心，尤其当前回购股份已达2%重要节点，具有一定的股价支撑作用。
• 本次回购专用于员工持股计划或股权激励，有助于绑定核心员工利益，提升公司治理效率，进一步稳定发展预期。
• 回购价格区间反映公司对二级市场价格的信心，若市场价格持续低于回购上限，公司还有空间继续实施回购计划。
• 未来如回购计划持续实施或超预期完成，可能进一步收紧流通盘，对股价形成支撑。
• 投资者需关注后续公司回购进展和相关信息披露。

五、风险提示

• 回购资金为自有资金，需关注公司现金流状况及后续资金安排。
• 回购完成后股份将用于员工持股计划或股权激励，不会直接减少公司注册资本。
• 公司将根据市场情况择机实施回购，实际回购数量和金额存在不确定性。

六、后续信息披露安排

公司承诺将严格按照相关法规及回购方案，及时披露回购进展，建议投资者关注公司公告并注意投资风险。

免责声明：本文仅供参考，不构成任何投资建议。股市有风险，投资需谨慎。投资者应以公司公告及相关法规为准，独立判断并承担投资风险。

English Version

Detailed Interpretation of *ST Boda Share Repurchase Progress Announcement

1. Key Points of the Announcement

• Initial Disclosure Date of Repurchase Plan: April 29, 2025
• Repurchase Implementation Period: May 21, 2025 to May 20, 2026 (1 year)
• Expected Repurchase Amount: RMB 60 million to 120 million
• Purpose of Repurchase: For employee stock ownership plans or equity incentives (not for capital reduction, convertible bond conversion, or solely maintaining company value)
• Maximum Repurchase Price: RMB 4.50/share (inclusive)
• Latest Progress: As of April 7, 2026, the company has cumulatively repurchased 15,005,391 shares, accounting for 2.0007% of total share capital, with a total amount of RMB 63,905,057.40 (excluding transaction fees), at prices ranging from RMB 3.27 to RMB 4.50 per share.

2. Detailed Repurchase Plan

On April 25, 2025, the company’s board approved, and on May 21, 2025, the annual shareholders meeting passed the proposal to use its own funds for share repurchase via centralized bidding. The repurchase amount is not less than RMB 60 million (inclusive) and not more than RMB 120 million (inclusive), with a maximum repurchase price of RMB 4.50/share (inclusive). All repurchased shares will be used for employee stock ownership plans or equity incentives, reflecting the company’s commitment to motivating and binding core employees, improving governance and team efficiency.

3. Progress and Impact

As of April 7, 2026, the company has repurchased 15,005,391 shares (2.0007% of total share capital) through a special securities account, with the highest price at RMB 4.50/share and the lowest at RMB 3.27/share, amounting to RMB 63.91 million (excluding fees).
According to regulations, when the proportion of repurchased shares increases by each 1%, the company must announce within three trading days. This progress complies with laws and the company’s plan.

4. Potential Impact for Investors and Share Price Sensitivity

• The repurchase is a sign of the company’s confidence in its value and may boost market confidence, especially at this 2% milestone, likely providing support to the stock price.
• As the repurchased shares will be used for employee incentives, it strengthens governance, binds core interests, and may enhance future performance expectations.
• The repurchase price range shows confidence in the secondary market; if the market price remains below the ceiling, the company can continue repurchasing.
• Further repurchase progress or over-completion may further tighten circulating shares and support the stock price.
• Investors should closely follow subsequent repurchase updates and disclosures.

5. Risk Alert

• Repurchase funds are from the company’s own resources; watch for cash flow and capital arrangements.
• Repurchased shares will be used for incentives, not for capital reduction.
• Actual number and amount of shares repurchased may change based on market conditions.

6. Disclosure Arrangements

The company will strictly comply with regulations and the repurchase plan, disclosing progress in a timely manner. Investors are advised to keep an eye on official announcements and be aware of investment risks.

Disclaimer: This article is for reference only and does not constitute investment advice. The stock market is risky; invest cautiously. Please refer to company announcements and regulations for final judgment and bear investment risks independently.

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