Jiuliang Co., Ltd. announced that the company plans to repurchase some A-shares through centralized bidding transactions for subsequent implementation of equity incentives or employee stock ownership plans. The total repurchase capital shall not be less than 50 million yuan and no more than 100 million yuan, and the repurchase price shall not exceed 31.30 yuan/share. Based on the maximum repurchase price, the estimated number of shares to be repurchased is approximately 1,597,500 to 3.194,800 shares, accounting for 0.9984% to 1.9968% of the company's total share capital. The repurchase period is 12 months from the date the board of directors reviews and approves the repurchase plan. The funding source is own funds and/or self-financing. If not all of them are used for the above purposes within 3 years after the repurchase is completed, the unused portion will be cancelled in accordance with law.

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