Jiuliang Co., Ltd. announced that it intends to use its own funds and/or self-raised funds to repurchase the company's shares through centralized bidding transactions. The repurchase amount shall not be less than 50 million yuan and no more than 100 million yuan. The repurchase price shall not exceed 31.3 yuan/share, and the period shall not exceed 12 months. The repurchase of shares will be used for equity incentives or employee stock ownership plans.

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