Securities code: 688777 Securities abbreviation: ZKTeco Announcement No.: 2024-067

SUPCON Technology Co., Ltd

Announcement on the progress of the repurchase of the company's shares by means of centralized bidding transactions

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or material omission in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content.

Important Content Notes:

The repurchase plan was first disclosed on 7/3/2024

The implementation period of the repurchase plan is July 2, 2024 ~ July 1, 2025

The estimated repurchase amount is 10,000,000 yuan ~ 20,000 yuan

□ reduce the registered capital

Buyback Purpose √ for employee stock ownership plans or equity incentives

□ is used to convert the company's convertible bonds

□ to maintain the company's value and shareholders' rights

The cumulative number of repurchased shares is 2,235,755 shares

Cumulative number of repurchased shares to total share capital 0.2828%

example

The cumulative amount repurchased is 81,676,117 yuan

The actual repurchase price range is 34.92 yuan/share~38.44 yuan/share

1. Basic information on the repurchase of shares

SUPCON Technology Co., Ltd. (hereinafter referred to as the "Company") held its sixth session on July 2, 2024

At the seventh meeting of the board of directors, the "Proposal on Repurchasing the Company's Shares by Centralized Bidding Transaction" was deliberated and approved. The Board of Directors approved the Company to repurchase part of the Company's issued RMB ordinary shares (A shares) through centralized auction trading through the Shanghai Stock Exchange trading system with its own funds. The repurchased shares will be used for equity incentives at an appropriate time in the future, with the repurchase price not exceeding RMB62.04 per share (inclusive), and the total amount of repurchase funds not less than RMB100 million (inclusive) and not exceeding RMB200 million (inclusive), and the repurchase period is from the deliberation of the board of directors

Within 12 months from the date of this repurchase program. For details, please refer to the company's announcement in Shanghai on July 3, 2024

The "Repurchase Report of SUPCON Technology Co., Ltd. on the Repurchase of Shares by Centralized Bidding" (Announcement No.: 2024-046) disclosed on the website of the stock exchange (www.sse.com.cn).

2. Progress of share repurchases

According to the Rules for Share Repurchase of Listed Companies and Article 7 of the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange

During the implementation of the repurchase, the company shall announce the progress of the repurchase as of the end of the previous month within the first 3 trading days of each month. The company will announce the progress of the repurchase of shares as follows:

As of September 30, 2024, the Company traded through the Shanghai Stock Exchange trading system through centralized bidding

A total of 2,235,755 shares have been repurchased, accounting for 0.2828% of the company's total share capital of 790,591,256 shares, with the highest price of RMB 38.44 per share and the lowest price of RMB 34.92 per share, with a transaction amount of RMB 81,676,116.75 (excluding stamp duty, transaction commissions and other transaction costs).

The repurchase of shares is in line with the provisions of relevant laws and regulations and the requirements of the company's share repurchase plan.

III. Other Matters

The company will strictly follow the "Rules for Share Repurchase of Listed Companies", "Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 7 - Repurchase of Shares" and other relevant regulations, within the repurchase period according to market conditions to make repurchase decisions and implement them, and at the same time timely fulfill the obligation of information disclosure according to the progress of the repurchase of shares, please pay attention to the investment risks.

The announcement is hereby made.

Board of Directors of SUPCON Technology Co., Ltd

October 9, 2024