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, no more than 200 million yuan, and the repurchase price is no more than 179.34 yuan/share. Based on the upper limit of the repurchase price, the estimated number of repurchases is 557,600 shares to 1,152 million shares, accounting for 0.06% to 0.13% of the company's total share capital. All repurchased shares will be used for equity incentives or employee stock ownership plans. The repurchase period shall not exceed 12 months from the date the board of directors reviews and approves the repurchase plan. The source of funding for this repurchase is the company's own funds.

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