LONGCHEER (09611.HK): 6.64mn Shares Repurchased for RMB 250mn YTD; Fund Subscription Completed

NewTimeSpace News: On 8 October 2026, Shanghai Longcheer Technology Co., Ltd. (the "Company") published an overseas regulatory announcement reproducing three A-share announcements published on the website of the Shanghai Stock Exchange. On the repurchase progress, the Company resolved at the 16th meeting of the fourth session of the board on 28 April 2026 to repurchase shares through centralized bidding for an employee share ownership plan or equity incentive, within 12 months from board approval at a price not exceeding RMB 57.72 per share (inclusive); following the 2025 annual dividend distribution, the price cap was adjusted to not more than RMB 57.22 per share (inclusive) from 4 June 2026. No repurchase was made in September 2026; as of 30 September 2026, the Company had cumulatively repurchased 6,637,051 shares (1.27% of total share capital) at a highest price of RMB 40.80 and lowest of RMB 35.53 per share, with total funds paid of RMB 250,002,416.71 (excluding transaction fees).

The announcement disclosed that, authorised by the 2025 third extraordinary general meeting, the Company resolved at the 21st meeting of the fourth session of the board on 18 September 2026 to change its registered capital, amend the articles of association and handle industrial and commercial change registration; the Company has completed the registration and filing of the amended articles and obtained a new business licence from the Shanghai Municipal Administration for Market Regulation, with registered capital changed to RMB 522,202,644, legal representative Du Junhong and date of establishment 27 October 2004.

The Company stated that Haikou Longcheer Technology Investment Co., Ltd., a wholly-owned subsidiary, subscribed with its own funds for a RMB 20 million capital contribution in Shanghai Huake Zhixin Venture Capital Partnership (Limited Partnership). The Company recently received notice from the fund manager that, as of the announcement date, Huake Zhixin had completed fundraising with a final aggregate subscribed capital of RMB 1,482,475,000; the Company's subscribed amount remains RMB 20 million, with its subscription ratio reduced to 1.3491% due to the larger total size. The investment aims to leverage professional institutions' resources and experience to reserve quality targets; it uses the Company's own funds and will not materially adversely affect its daily operations, financial position or operating results.

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