Kaizhong Co., Ltd. announced that the company plans to repurchase shares through centralized bidding. The amount is not less than 30 million yuan and no more than 60 million yuan, and the price will not exceed 15 yuan/share. Shares will be repurchased for equity incentives or employee stock ownership plans, and will be cancelled if not used up within 36 months. The sources of funding are own funds and special bank loans of no more than 54 million yuan. The implementation period is 12 months after review and approval by the shareholders' meeting. The relevant shareholders have no plans to reduce their holdings within 3 months or 6 months. There are price and capital risks in this repurchase.

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