TSAKER NE(01986): Granting of the repurchase right of Caike Technology Co., Ltd.

TSAKER NE (01986) issued an announcement on November 14, 2024, stating that Caik Hong Kong (a wholly-owned subsidiary of the company) has entered into a repurchase agreement with Changzhou Xinjin Ruoying Innovation Venture, Cangfu Equity Investment, Hebei Structural Adjustment Fund, and Xin Gaodi Capital (collectively referred to as the "counterparty"). According to the agreement, if Caik Technology fails to complete its proposed listing on the Beijing Stock Exchange by December 31, 2027, Changzhou Xinjin Ruoying Innovation Venture, Cangfu Equity Investment, Hebei Structural Adjustment Fund, and Xin Gaodi Capital will each have the right to repurchase all or part of the Caik Technology shares held under the repurchase agreement by Caik Hong Kong (or a designated third party other than Caik Technology). As of the date of this announcement, Caik Technology is an indirect non-wholly-owned subsidiary of the company, mainly engaged in the production and sale of pigment intermediates and new material products. The company believes that granting the 2024 repurchase right is in line with market practices and will help Caik Technology attract high-quality professional investors, diversify Caik Technology's shareholder structure, enhance Caik Technology's corporate image and reputation, thereby contributing to the future development and success of the group.