Femiao Technology announced that the 12th meeting of the sixth board of directors of the company reviewed and approved a plan to repurchase shares through centralized bidding transactions. The total repurchase capital is 20 million yuan to 40 million yuan to protect the company's value and shareholders' rights, employee stock ownership plans or equity incentives. The amount for each portion is 10 million yuan to 20 million yuan. The share repurchase price does not exceed 48.24 yuan/share. If not used for the above purposes within 3 years, the repurchased shares will be cancelled. The board of directors authorized management to handle related matters; the bill does not need to be submitted to the shareholders' meeting for consideration.

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