Haixing Electric Power announced that it plans to repurchase the company's shares for 150 million yuan to 300 million yuan, with a repurchase price of no more than 25 yuan/share. The period is 3 months from the date of review and approval by the board of directors. The repurchase of shares is used to protect the company's value and shareholders' rights. The capital is own capital or self-raised capital. It is proposed to repurchase 6 million shares to 12 million shares, accounting for 1.23%-2.47% of the total share capital. The repurchased shares are intended to be sold through centralized bidding transactions 12 months after disclosure of the repurchase results and share change announcements. If the sale is not completed within 3 years after the announcement, the unsold portion will be cancelled after completing the relevant procedures.

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