Haitian New Materials: Plans to repurchase shares for 25 million to 50 million yuan, and has already repurchased 955,100 yuan.

Sea Elephant New Materials announced that the board of directors approved a share repurchase plan in March 2025, intending to repurchase 25 to 50 million shares through a centralized bidding method using own funds for the purpose of equity incentive, etc. The repurchase price will not exceed 22 yuan per share. Due to equity distribution, the upper limit of the repurchase price was adjusted to 21.40 yuan per share. As of January 31, 2026, the company has repurchased 48,200 shares, accounting for 0.05% of the total share capital. The highest transaction price was 20 yuan per share, the lowest was 19.40 yuan per share, and the total transaction amount was 955,120 yuan. The transactions are in compliance with established plans and regulatory requirements, and the company will continue to implement repurchases and disclose information in the future.