Kaichun Co., Ltd. announced that the company plans to use centralized bidding to repurchase A-share tradable shares with unlimited sales conditions for equity incentives or employee stock ownership plans. The total repurchase capital is not less than 10 million yuan and no more than 20 million yuan, and the repurchase price is not more than 38.30 yuan/share. Based on the upper and lower limits of the repurchase amount, the estimated number of shares to be repurchased is 261,100 shares - 522,200 shares, accounting for 0.33%-0.65% of the company's total share capital. The repurchase period is 12 months from the date the board of directors reviews and approves the repurchase plan. The funding source is own funds and/or special loan funds. This repurchase will not have a significant impact on the company's ability to operate, finance and continue to operate, and will not result in a change in the company's control.

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