Goldwind Science & Technology Co., Ltd. (Goldwind) has approved an A-share repurchase programme that will see the company spend between RMB0.30 billion and RMB0.50 billion of self-owned funds to buy back and cancel part of its outstanding domestic shares.

The board resolution, passed on 29 April 2026, authorises the use of the Shenzhen Stock Exchange’s centralized bidding system to acquire up to 12.55 million A shares at a ceiling price of RMB39.84 per share. At the upper funding limit, the buyback would represent roughly 0.30% of Goldwind’s current 4.22 billion-share capital; at the minimum funding level, an estimated 7.53 million shares, or 0.18% of capital, would be repurchased.

Goldwind intends to cancel all shares bought, thereby reducing registered capital. The repurchase window will extend for no more than 12 months from the date of shareholder approval at the forthcoming extraordinary general meeting and separate A- and H-share class meetings.

Management cites confidence in the firm’s long-term prospects and a desire to enhance overall shareholder value as primary objectives. As of 31 March 2026, Goldwind reported: • Current assets of RMB73.00 billion, including RMB11.30 billion in cash; • Total assets of RMB168.03 billion; • Net assets attributable to shareholders of RMB44.71 billion; • Total liabilities of RMB119.47 billion, implying a debt-to-asset ratio of 71.10%.

Assuming the full RMB0.50 billion outlay, the repurchase would absorb 0.30% of total assets, 1.12% of shareholder equity and 0.68% of current assets—figures the board believes will not materially affect operations, R&D, solvency or future development.

Post-buyback, the free-float of unrestricted A shares will decline slightly, while the company’s H-share structure remains unchanged. Control of the company is not expected to shift.

China Three Gorges New Energy (Group) Co., Ltd., a shareholder holding more than 5%, has indicated it may trim its stake within the next three and six months. No other directors, senior executives or significant shareholders have definitive sell plans during the buyback period.

Key risks highlighted include potential failure to secure shareholder approval, sustained market prices above the RMB39.84 cap, funding limitations, creditor demands linked to capital reduction, and possible termination should material events arise.

Goldwind will provide timely updates on buyback progress and urges investors to exercise caution.