Sinoma Technology announced at noon on November 6 that it plans to repurchase the company's shares through centralized bidding transactions. The total repurchase amount is not less than 200 million yuan and no more than 250 million yuan. The repurchase price is not higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors deliberates and approves the buyback plan resolution. The repurchased shares will be used as necessary to protect the company's value and shareholders' rights. All shares will be cancelled and the registered capital reduced within 3 years after the implementation of the repurchase of shares is completed. The repurchase period is within 3 months from the date the company's shareholders' meeting reviews and approves the repurchase plan.

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