Shenghong Co., Ltd. announced that it intends to use its own funds and/or self-raised funds to repurchase the company's A shares through centralized bidding transactions, with a repurchase amount of not less than 30 million yuan and no more than 60 million yuan. The repurchase price shall not exceed 52.19 yuan/share, within 12 months from the date of review and approval by the board of directors. The repurchase of shares will be used for employee stock ownership plans and/or equity incentives; based on the maximum repurchase price, it is estimated that 574,800 shares will be repurchased to 1,149,600 shares, accounting for 0.18% to 0.37% of the company's total share capital. The plan was reviewed and approved by the board of directors on October 30, 2026, and there is no need to submit it to the shareholders' meeting for consideration.

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