Newland Announces Share Repurchase of RMB 122.4 Million

FUZHOU, China, April 8, 2025 – Newland Hi-Tech Group Co., Ltd. (000997) announced that, as of the date of this release, the company has repurchased a total of 5,097,468 shares through the designated securities account via centralized bidding transactions, representing 0.49% of the company’s current total share capital. The highest transaction price was RMB 29.52 per share, the lowest RMB 20.59 per share, and the total amount paid was RMB 122.40 million (excluding transaction fees).

According to the latest share repurchase plan announced on December 3, 2024, Newland intends to repurchase RMB 350 million to 700 million worth of shares within one year, equivalent to approximately 14.58 million to 29.17 million shares, representing up to 2.83% of total share capital. On February 10, 2025, the company executed its first repurchase of this plan, acquiring 2,109,908 shares (about 0.2% of total share capital) at a total consideration of RMB 43.75 million.

In addition, between February 9, 2021, and January 28, 2022, Newland completed a repurchase of 18.965 million shares for RMB 281 million, representing approximately 1.84% of total share capital at that time. As these shares are approaching the three-year holding period, the company plans to cancel them accordingly.

Share Repurchase Demonstrates Confidence in Future Growth

Newland’s ongoing share repurchase highlights the company’s confidence in its long-term growth prospects.

Since 2015, the company has transformed from a payment device supplier to a payment scenario operator, and in 2018 implemented an equity incentive plan to drive its digital business strategy. Today, Newland ranks among China’s top three third-party payment service providers, serving over 3 million active small- and medium-sized merchants. The company offers comprehensive “payment + value-added services” solutions to support the digital transformation of offline businesses and is recognized as a leader in China’s digital commerce sector.

Meanwhile, Newland has pursued a global expansion strategy, establishing itself as a leading payment technology provider with operations in over 130 countries and regions. Its forward-looking global layout has resulted in localized regional platforms across Europe, Latin America, and the Asia-Pacific, as well as production bases worldwide, building a robust global supply chain network.