San Wang Communication: Repurchased 15,703 shares for the first time through centralized competitive bidding.

Sanwang Communications announced that on October 29, 2025, the board of directors agreed to repurchase shares through centralized competitive trading, with a fund of 20-40 million yuan, for employee stock ownership plan or equity incentives. The repurchase period will end on October 28, 2026. On December 3, the company repurchased 15,703 shares for the first time, accounting for 0.0143% of the total share capital, paying a total of 407,823 yuan, at a repurchase price of 25.95 yuan per share - 25.99 yuan per share.