Longquan Co., Ltd. announced that the company plans to use its own funds to repurchase A-shares through centralized bidding. The total repurchase capital is not less than 29 million yuan and no more than 31 million yuan. The repurchase price is not more than 5.5 yuan/share. It is estimated that it can repurchase about 5.272,700 shares to 5.6364 million shares, accounting for 0.94% to 1.00% of the company's total share capital. All of the repurchased shares will be used to cancel and reduce registered capital. The repurchase implementation period is no more than 12 months from the date the company's shareholders' meeting reviewed and approved the repurchase plan on November 12, 2026. As of the date of disclosure of the announcement, relevant entities such as directors, supervisors, controlling shareholders and actual controllers of the company had no clear plans to reduce their holdings for the next six months. There is a risk that the plan cannot be implemented due to stock prices exceeding the upper limit, operating changes, etc. Investors are kindly requested to pay attention to investment risks.

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