Ricoda announced that the board of directors of the company has reviewed and approved the repurchase plan. It plans to use its own funds to repurchase the company's shares through centralized bidding transactions. The amount shall not be less than RMB 50 million, not more than RMB 100 million, and the repurchase price shall not exceed RMB 85 per share. Share buybacks are intended to be used for employee stock ownership plans, equity incentives, or conversion of corporate bonds issued by the company that can be converted into shares.

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