Fenglong Co., Ltd. announced that the third meeting of the 5th board of directors of the company reviewed and approved the share repurchase plan. It will use its own and self-raised funds to repurchase issued public shares through centralized bidding transactions on the Shenzhen Stock Exchange for employee stock ownership plans or equity incentives. The repurchase capital is 30 million yuan to 60 million yuan, the repurchase price does not exceed 97.02 yuan/share, and the repurchase period does not exceed 12 months from the date of review and approval by the board of directors. The matter has been approved by the relevant committee.

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