Changling Hydraulic announced that the company plans to repurchase shares through centralized bidding transactions. The total repurchase capital will not be less than 70 million yuan or 130 million yuan. The repurchase price will not exceed 92.47 yuan/share. The estimated number of repurchases will account for 0.40%-0.75% of the total share capital. The repurchase of shares is intended to be used for employee equity incentives/employee stock ownership plans. If not used up within 3 years after the repurchase is completed, the remaining shares will be cancelled. The repurchase period is 12 months from the date of review and approval by the board of directors. The company's directors, executives, controlling shareholders, actual controllers and co-actors, and shareholders holding 5% or more of the shares have no plans to reduce their holdings.

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