Yingfeng Environmental announced that the company plans to use centralized bidding transactions to repurchase shares with capital of not less than 100 million yuan and no more than 200 million yuan, and the repurchase price will not exceed 1,422 yuan/share. The estimated number of shares to be repurchased is approximately 7.032,300 shares - 14.064,700 shares, accounting for 0.21%-0.42% of the total share capital. It is used for equity incentives or employee stock ownership plans, and the unused portion will be cancelled. The capital comes from own funds and special loans, and has received a loan commitment of no more than 180 million yuan from CCB Foshan Branch. Controlling shareholders can exchange bonds for shares, which may reduce their holdings. Other than that, the parties concerned have no plans to reduce their holdings for the next six months.

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