Xiangshan Co., Ltd. announced on August 14 that the company plans to use its own funds or self-raised funds to repurchase shares through centralized bidding. The total repurchase capital shall not be less than 15 million yuan and no more than 30 million yuan, and the repurchase price shall not exceed 55 yuan/share. Shares will be repurchased for employee stock ownership plans or equity incentive plans. The estimated number of shares to be repurchased is 272,700 to 545,500 shares, accounting for 0.18% to 0.36% of the company's total share capital. The repurchase period is 6 months from the date of review and approval by the board of directors.

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