Liancun Instruments announced that on November 5, 2026, the company received the “Letter on Proposal to Repurchase the Company's Shares” from the controlling shareholder, actual controller and chairman, Mr. Hu Haiyang, proposing that the company use its own funds or self-raised funds to repurchase some of the company's issued RMB common shares through centralized bidding transactions through the Shanghai Stock Exchange trading system. The total repurchase capital is not less than RMB 100 million and not more than RMB 150 million. The repurchased shares will be used for employee stock ownership plans or equity incentives. In order to reduce the financial pressure on the company's current repurchase, the company plans to apply for special loan support for stock repurchase from relevant financial institutions. The sum of the company's actual loan amount and the amount of own capital used for the repurchase does not exceed the upper limit of the current repurchase amount. The specific plan for this repurchase is subject to the share repurchase plan reviewed and approved by the board of directors of the company.

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