Haiguang Information announced that Li Jun, chairman of the company, proposed to use the company's own funds to buy back the company's shares through centralized bidding transactions. The total capital is not less than RMB 500 million, not more than RMB 800 million. The share repurchase is intended to be used for employee stock ownership plans or equity incentives. The 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 of the company deliberates and approves the buyback plan. Repurchase matters are still subject to relevant approval procedures.

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