Songyuan Security announced that the company plans to use its own funds and/or self-raised funds to repurchase the company's A shares through centralized bidding transactions. The total repurchase capital shall not be less than 50 million yuan and not more than 100 million yuan. The repurchase price shall not exceed 2,103 yuan/share. The period is 3 months from the date the board of directors reviews and approves the repurchase plan. The repurchase of shares is necessary to protect the company's value and shareholders' rights and interests, and will be sold within a specified period; shares that are not used up as scheduled will be cancelled.

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