According to the announcement of Shenma Electric Power, the company completed the repurchase of 4.0103 million shares in January 2024, accounting for 0.93% of the total share capital at the time. The average repurchase price was 19.58 yuan/share, and the total capital used was 78.535,800 yuan. The original use was equity incentives and/or employee stock ownership plans. The company plans to change the use of 1.557 million A-shares in the special repurchase account to cancel and reduce the registered capital. The matter has been reviewed and approved by the company's board of directors and still needs to be submitted to the shareholders' meeting for consideration. This change will not have a significant impact on the company's financial status, operating results, and listing position.

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