Guangzhou Steel Gas announced that it plans to repurchase the company's shares through centralized bidding transactions. The total repurchase capital will not be less than RMB 200 million, not more than RMB 400 million, and the repurchase price will not exceed RMB 41.82 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate time in the future; if the company fails to repurchase the shares within 3 years after the share repurchase implementation results and share change announcements, the unused repurchased shares will be cancelled. Based on the maximum repurchase price, the estimated number of shares to be repurchased is 4.782,400 to 9.564,800 shares, accounting for 0.36% to 0.72% of the company's total share capital. The repurchase period is 12 months from the date the board of directors reviews and approves the repurchase plan.

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