According to the New Cape announcement, the fourth meeting of the 7th board of directors of the company reviewed and approved the share repurchase plan. It is proposed to buy back the company's A shares through centralized bidding transactions for share incentives or employee stock ownership plans. The repurchase price is no more than 1237 yuan/share. The total amount of capital to be repurchased is RMB 30.000 to RMB 60.000, and the corresponding number of shares to be repurchased is 2,4252 million shares to 4.8504 million shares, accounting for 0.51% to 1.02% of the company's total share capital. The source of repurchase funds is own funds and/or self-financing. The implementation period is 12 months from the date the board of directors reviews and approves the repurchase plan.

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