CARSGEN-B (02171) announced an update to its share repurchase plan, approved by the board of directors, to buy back up to 25,461,295 shares in the open market over the next 50 Hong Kong trading days starting from November 13, 2025. The updated repurchase plan, combined with shares already repurchased in 2025, will total 5% of the company’s issued share capital as of the date the 2025 repurchase authorization was granted.

The board believes the current share price does not reflect the company’s intrinsic value or its business prospects. The repurchase plan demonstrates the confidence of the directors and senior management in CARSGEN-B’s long-term growth and market performance. The board also considers the plan to be in the best interests of the company and its shareholders.

Additionally, the board was recently informed that E-Jet Biotech Holdings Limited and its concert parties (collectively, the "E-Jet Concert Party Group") acquired 100,000 shares between November 6 and November 10, 2025. Following this increase, the E-Jet Concert Party Group now holds 218,048,730 shares, representing approximately 37.92% of the total issued shares (excluding treasury shares) as of the announcement date.