According to Baiwei Storage's announcement, Sun Chengsi, the controlling shareholder, actual controller, and chairman, proposed that the company repurchase shares through centralized bidding transactions, with a total capital of 200 million yuan to 250 million yuan. The upper limit of the repurchase price is not higher than 150% of the average trading price of the company's stock in the 30 trading days before the board of directors reviewed and approved the buyback plan resolution. All repurchases of shares will be used to cancel and reduce registered capital. The repurchase period is within 12 months from the date the shareholders' meeting reviews and approves the plan. The board of directors of the company believes that the proposal is feasible and will study and formulate a repurchase plan. The details are subject to the plan reviewed and approved by the board of directors and shareholders' meetings.

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