Huicheng Co., Ltd. announced that the company plans to repurchase shares through centralized bidding transactions. The total repurchase capital is not less than 50 million yuan, no more than 80 million yuan, and the repurchase price is no more than 34.66 yuan/share. Based on the price upper limit, the number of shares to be repurchased is 1.442,600 to 2.381 million shares, accounting for 0.15% to 0.23% of the total share capital. The repurchase of shares will be used for employee stock ownership plans or equity incentives. If the transfer is not completed within 3 years after the repurchase is completed, the untransferred shares will be cancelled. The repurchase period is 12 months from the date of review and approval by the board of directors, and the funding source is own funds and/or self-financing. The company's controlling shareholders, actual controllers, and their co-actors, directors and supervisors may have plans to reduce their share holdings for the next 3 or 6 months.

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