Zhuzhou CRRC Times Electric Co., Ltd. (Times Electric) disclosed a Next Day Disclosure Return outlining continued utilisation of its 2025 share-repurchase mandate. Key points are as follows:

• Latest transaction (4 May 2026): The company repurchased 467,300 H shares on the Hong Kong Stock Exchange at prices between HKD 36.02 and HKD 36.46 per share, for a total consideration of HKD 16.98 million. All shares are intended for cancellation.

• Cumulative repurchases under the current mandate: From 10 February to 4 May 2026, the issuer has bought back 8,574,800 H shares—equivalent to 1.75 % of the 489.04 million shares outstanding on the 27 June 2025 mandate date. The mandate authorises up to 48.90 million shares, leaving 40.33 million shares available for further repurchase.

• Outstanding repurchased shares awaiting cancellation: As at 4 May 2026, 8,574,800 H shares remain in this category, representing 1.75 % of existing issued shares.

• Capital structure: Issued share capital stood unchanged at 489.04 million H shares because the repurchased stock has not yet been cancelled. No treasury shares are held.

• Regulatory compliance: The board confirms that all buybacks complied with Hong Kong Listing Rules, relevant laws and the shareholder mandate. A 30-day moratorium on issuing new shares or disposing of treasury shares runs until 3 June 2026.

Times Electric continues to execute its authorised buyback programme, with recent activity concentrated in late April and early May at volume-weighted average prices ranging from HKD 34.36 to HKD 44.17 per share.