Guangdong Hongda announced that the company plans to repurchase shares through centralized bidding transactions, with capital not less than 50 million yuan and no more than 100 million yuan, and the repurchase price will not exceed 41.85 yuan/share. It is expected to repurchase 119.4744 to 23894.86 million shares, accounting for 0.1572% to 0.3145% of the total share capital, for equity incentives or employee stock ownership plans. The capital comes from own ownership or self-financing loans, and has been promised a loan from CMB Guangzhou Branch. The amount does not exceed 90% of the repurchase amount, the term does not exceed 36 months, and the repurchase period is 12 months. The relevant entities have no plans to reduce their holdings for the next six months. This buyback involves multiple risks.

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