Xinte Electric announced that the company plans to repurchase shares through centralized bidding, with a total capital of not less than 25 million yuan and no more than 48 million yuan, and the repurchase price will not exceed 23 yuan/share. It is estimated that 1.087 million shares to 2,087 million shares can be repurchased, accounting for 0.29% to 0.56% of the total share capital, for equity incentives or employee stock ownership plans. The funds are from own funds and overraised funds. The repurchase period is 12 months from the date of review and approval by the board of directors. This buyback will not have a significant impact on the company's operations, finances, and future development, but there are risks such as not being able to implement it.

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