According to the announcement, on October 16, 2026, the company received a letter from Chairman Wu Shijun proposing to repurchase shares through centralized bidding using its own funds. The total repurchase capital is not less than 50 million yuan and no more than 100 million yuan. The repurchase price is not higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors approved the buyback plan. The repurchase period is 12 months from the date the board of directors deliberates and approves the repurchase plan. If the transfer is not completed within 3 years, it will be cancelled according to law. Wu Shijun reduced his holdings of Swiss convertible bonds by 1,231,300 through a major transaction within the six months before the proposal, accounting for 12.31% of the total issuance volume. There are no plans to increase or decrease his holdings of the company's shares during the repurchase period, and he promised that the board of directors will vote in favor of the repurchase bill. The repurchase has yet to be reviewed and approved by the board of directors, and there is uncertainty.

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