Economic Observation Network Saite New Materials has disclosed the progress of its share repurchase, and its new business vacuum glass is about to be put into operation. The credit rating of the main body remains A+, and the fundraising project has been postponed.

Progress of Share Repurchase:
The company announced in June that it plans to repurchase shares for 50 million to 100 million yuan (up to a maximum of 47 yuan per share) for employee incentives. On July 6th, approximately 200000 shares were repurchased for the first time at a cost of 4.84 million yuan The company has also obtained a special loan commitment letter from China Merchants Bank not exceeding 60 million yuan, providing financial support for the repurchase The sustainability of repurchase and subsequent incentive plans are the observation points.

Business progress:
The company's strategy is "one body (vacuum insulation board) with two wings". The "Left Wing" vacuum glass business is in the final stage of equipment debugging and is expected to be put into operation in the third quarter of 2026. Initially, it will be applied to commercial supermarket refrigerators, etc This is the key for the company to expand its new growth curve, and attention should be paid to the production time, yield rate, and first batch order situation.

Credit rating situation:
Zhongzheng Pengyuan will maintain its corporate entity and bond credit rating of "A+" in June 2026, with a stable outlook 。

Relevant information on convertible bonds:
The conversion ratio of "Saite Convertible Bond" (118044) is extremely low, with only 977 shares converted as of June 30th The fundraising project "Vacuum Industry Manufacturing Base (Phase I)" has been postponed until December 2027 。

The above content is based on publicly available information and does not constitute investment advice.