Weihua New Materials announced that the company plans to repurchase shares through centralized bidding transactions. The repurchase amount is not less than 80 million yuan and no more than 120 million yuan, and the repurchase price is no more than 18.00 yuan/share. Based on the upper limit of the repurchase price, the number of shares to be repurchased is 4.444,400 to 6.6667 million shares, accounting for 1.29% to 1.93% of the company's total share capital. The repurchase of shares will be used for employee stock ownership plans or equity incentives. If the aforementioned use is not carried out within 36 months after the repurchase is completed, the unused portion will be cancelled in accordance with the relevant procedures. The repurchase implementation period is 12 months from the date the board of directors reviews and approves the repurchase plan. The sources of funding are own funds and self-financing.

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