Shenke Co., Ltd. announced that the company plans to repurchase A-shares through centralized bidding. The total repurchase capital is not less than 20 million yuan and no more than 40 million yuan, and the repurchase price is not more than 17 yuan/share. The estimated number of shares that can be repurchased is about 1.776,500 to 2.352,900 shares, accounting for 0.78% to 1.57% of the company's total share capital. Shares will be repurchased for share incentives or employee stock ownership plans. The implementation period is six months from the date the shareholders' meeting reviews and approves the repurchase plan. The company has been promised a repurchase loan of up to 36 million yuan from the Shaoxing Zhuji branch of China Merchants Bank. Company directors, executives, controlling shareholders and actual controllers have no plans to increase or decrease their holdings for the next six months. There is a risk that the repurchase will not be successfully implemented, such as the stock price exceeding the upper limit and insufficient funding.

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