Kuangda Technology announced that it plans to use its own capital of not less than 50 million yuan and no more than 100 million yuan to repurchase the company's shares at a price of no more than 8.78 yuan/share. The repurchased shares will be used to implement share incentives or employee stock ownership plans. The repurchase period is 12 months from the date of review and approval at the fourth meeting of the 7th board of directors of the company. Based on the upper and lower limits of the total repurchase amount and the upper limit of the repurchased share price, the estimated number of shares to be repurchased is about 5.6948 million shares to 11.3895 million shares, accounting for about 0.3872% to 0.7744% of the current total share capital of the company. The specific repurchase amount and number of repurchases are based on the actual funds used at the time the repurchase is completed and the number of shares repurchased.

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