SHANGHAI, Aug. 26, 2024 — Santech Holdings Limited (“Santech”, or the “Company”) (NASDAQ: STEC), a Chinese consumer-focused technology company, has announced a share repurchase program. The program, authorized by the Company’s board of directors, permits Santech to buy back up to US$5 million of its outstanding American Depositary Shares (“ADSs”) over the next 12 months, starting on August 26, 2024.

The repurchases may be made through various means, including open market transactions, private negotiations, block trades, and other legally permitted methods, depending on market conditions and applicable regulations. Santech may execute the buyback program in accordance with Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, as well as the Company’s insider trading policy. The Company’s board of directors will regularly review the share repurchase program and may adjust its terms and size as needed. Santech intends to fund these repurchases from its existing cash balance.

About Santech Holdings Limited

Santech Holdings Limited (NASDAQ: STEC) is a consumer-focused technology company. The Company historically served a large number of high net-worth clients in China in financial services and health management, and accumulated a large customer base. The Company has exited or disposed of its historical businesses in financial services and is actively exploring innovative new opportunities in technology, including but not limited to new retail, social e-commerce and metaverse. For more information, please visit .

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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