Shengyi Electronics announced that the company plans to repurchase shares through centralized bidding transactions. The total repurchase capital is not less than 100 million yuan or 200 million yuan, and the repurchase price is no more than 179.34 yuan/share. Based on the price upper limit, the number of repurchases is 557,600 shares to 11.152 million shares, accounting for 0.06% to 0.13% of the total share capital. All repurchased shares will be used for equity incentives or employee stock ownership plans. If not used up within 3 years after the repurchase implementation results are announced, the unused portion will be cancelled. The repurchase period shall not exceed 12 months from the date of review and approval by the board of directors, and the funding source is own funds.

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