According to Sinochem Equipment's announcement, the company plans to use centralized bidding to repurchase shares to reduce registered capital. The repurchase amount is not less than 1.0888 million yuan and no more than 1.09 million yuan, the repurchase price is not higher than 10.80 yuan/share, and the number of repurchases is 93.41 to 934,300 shares, accounting for 0.189% to 0.19% of the total share capital. The repurchase period is 6 months from the date of review and approval by the shareholders' meeting. As of the disclosure date of the announcement, the relevant entities had no plans to reduce their holdings during the repurchase period or for the next 3 or 6 months. There are a number of risks that cannot be implemented or changed in this repurchase.

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