According to Honghe Technology's announcement, the company plans to use its own funds and/or self-financing to repurchase shares through centralized bidding transactions. The repurchase amount is not less than 50 million yuan and not more than 100 million yuan. The repurchase price is not higher than 165.09 yuan/share. According to the price upper limit, the corresponding repurchase of 302,900 shares to 605,700 shares is calculated, accounting for 0.0335%-0.0670% of the total share capital. The repurchase of shares is intended to be used for employee stock ownership plans or equity incentives. The repurchase period is within 12 months from the date the board of directors reviews and approves the repurchase plan. As of the disclosure date of the announcement, 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 for the next 3 or 6 months.

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