Howell Group announced that the company plans to repurchase A-shares through centralized bidding transactions. The total repurchase capital is not less than 250 million yuan or 500 million yuan, and the repurchase price is no more than 120 yuan/share. Based on the price upper limit, the number of shares to be repurchased is 2,083,300 shares - 4166,700 shares, accounting for 0.17% to 0.33% of the total share capital. The repurchase of shares is intended to be used to implement employee stock ownership plans or share incentives. The repurchase period is within 3 months from the date the board of directors reviews and approves the plan. As of the disclosure date of the announcement, the company's controlling shareholders, actual controllers and co-actors, directors and supervisors, and shareholders holding 5% or more of the shares have no plans to reduce their holdings for the next 3 or 6 months.

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