Yonyou Network Technology Co.Ltd(600588) : Yonyou Network Technology Co.Ltd(600588) announcement on the progress of repurchasing the company’s shares through centralized bidding

Stock abbreviation: Yonyou Network Technology Co.Ltd(600588) Stock Code: Yonyou Network Technology Co.Ltd(600588) No.: pro 2022055

Yonyou Network Technology Co.Ltd(600588)

Announcement on the progress of repurchasing shares of the company by centralized bidding

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Yonyou Network Technology Co.Ltd(600588) (hereinafter referred to as ” Yonyou Network Technology Co.Ltd(600588) ” or “the company”) held the 32nd meeting of the 8th board of directors on March 11, 2022, deliberated and approved the proposal of the company on repurchase of shares of the company by means of centralized bidding transaction. The company plans to use its own funds of no less than RMB 600 million (inclusive) and no more than RMB 1 million (inclusive) to repurchase shares of the company, The repurchase period shall be within 12 months from the date when the board of directors deliberates and approves the share repurchase plan (i.e. from March 11, 2022 to March 10, 2023). For details, see Yonyou Network Technology Co.Ltd(600588) announcement on the share repurchase plan of the company through centralized bidding transaction (No.: pro 2022021) and Yonyou Network Technology Co.Ltd(600588) report on the repurchase of shares of the company through centralized bidding transaction (No.: pro 2022022). On March 21, 2022, the company implemented the first repurchase by means of centralized bidding transaction. For details, see Yonyou Network Technology Co.Ltd(600588) announcement on the first repurchase of company shares by means of centralized bidding transaction (No.: pro 2022033).

According to the requirements of relevant laws and regulations such as self regulatory guidelines for listed companies on Shanghai Stock Exchange No. 7 – share repurchase, during the period of share repurchase, the company shall announce the progress of share repurchase as of the end of last month within the first three trading days of each month. The progress of the company’s share repurchase is hereby announced as follows:

As of April 29, 2022, the cumulative number of shares repurchased by the company was 34709463, accounting for 1.0105% of the current total share capital of the company. The highest purchase price was 24.98 yuan / share, the lowest purchase price was 20.21 yuan / share, and the total amount paid was 80299952552 yuan (excluding Commission and other transaction expenses).

The above repurchase progress complies with the established share repurchase plan and relevant laws and regulations. In the future, the company will implement share repurchase within the repurchase period according to the market conditions and in strict accordance with the requirements of laws and regulations such as self regulatory guidelines for listed companies on Shanghai Stock Exchange No. 7 – share repurchase, and timely fulfill the obligation of information disclosure. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Yonyou Network Technology Co.Ltd(600588) board of directors may 5, 2002

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