Shenkai Co., Ltd. announced that the company plans to use its own funds to repurchase A-share tradable shares with unlimited sales conditions through centralized bidding transactions to protect the company's value and shareholders' rights. The repurchase price is no more than 9 yuan/share, and the total repurchase capital is not less than 18 million yuan and no more than 36 million yuan. The estimated number of repurchases is 2 million to 4 million shares, accounting for 0.51% to 1.03% of the company's total share capital. The repurchase implementation period is within 3 months from the date the board of directors reviews and approves the repurchase plan. The shares to be repurchased will be sold through centralized bidding 12 months after disclosure of the repurchase results and share change announcements, and the portion not sold within three years will be cancelled.

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