Shanghai Phoenix: Completes repurchase of 3.88% company's shares.

Shanghai Phoenix Announcement: As of June 11, 2026, the company has repurchased a total of 20 million shares of the company through the Shanghai Stock Exchange trading system in a centralized auction trading manner, accounting for 3.88% of the company's total share capital of 515 million shares. The highest price at which the repurchase was conducted was $0.442 per share, and the lowest price was $0.384 per share. The total amount paid for the repurchase was $8.1571 million. The company's share repurchase program has been completed.