Espressif Systems: Controlling shareholder proposes 50 million to 100 million share buyback for incentive.

Espressif Technology announced that on February 2, 2026, the company's controlling shareholder, actual controller, and chairman TEOSWEEANN Zhang Ruian proposed the company to repurchase shares. The repurchase fund is not less than 50 million yuan and not more than 100 million yuan, and the repurchase price does not exceed 170.29 yuan per share, with a term of 3 months from the approval of the board of directors. Calculated at the upper limit, the repurchase is approximately 587,200 shares, accounting for 0.35% of the total share capital; calculated at the lower limit, the repurchase is approximately 293,600 shares, accounting for 0.18%. The repurchased shares will be used for employee shareholding or equity incentives, and any unused portion will be canceled. In 2025, its holding company, Espressif Investments Limited, previously sold 1,812,000 shares, accounting for 1.08%; this repurchase has been approved by the board of directors.