Zhipu: Plans to Repurchase Up to HK$4 Billion of H Shares, Total Repurchased Not to Exceed 1% of Total Shares

November 10 — According to an announcement by Zhipu (02513.HK) on the Hong Kong Stock Exchange, the company's board of directors announced that, after receiving a share repurchase proposal from Chairman Liu Debing, it intends to repurchase H shares in the open market from time to time pursuant to the general mandate granted at the annual general meeting on June 22, 2026, with a planned total amount of up to HK$4 billion, and a total number of shares repurchased not exceeding 1% of the total number of issued shares as of the date of the announcement. The company believes that the share repurchase plan will demonstrate its confidence in the long-term business outlook and prospects of the group, as well as its commitment to enhancing shareholder value. In connection with the share repurchase plan, it will take into account the group's financial position, working capital requirements and business development needs, so as to maintain sufficient financial resources for its continuing operations and growth.