The Sanhuan Group announced that the company plans to repurchase A-shares through centralized bidding, with a total capital of not less than 500 million yuan and no more than 1 billion yuan, and the repurchase price will not exceed 135 yuan/share. Based on the upper limit, it is estimated that about 7.4074 million shares will be repurchased, accounting for 0.37% of the total share capital; based on the lower limit, about 3.7038 million shares will be repurchased, accounting for 0.19%. Share buybacks are used for equity incentives or employee stock ownership plans, and to protect company value and shareholders' rights. The implementation period is 12 months and 3 months, respectively. The company indicated risks such as stock prices exceeding the upper limit, program changes or termination, and inability to implement incentive plans.

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