Huahong Hongli announced that the company plans to repurchase A-shares through centralized bidding transactions, with a total repurchase capital of not less than 300 million yuan or no more than 500 million yuan, and the repurchase price should not exceed 255.55 yuan/share. According to the upper limit, the estimated number of repurchases is about 1.173,900 shares to 1956,600 shares, accounting for 0.0609%-0.1015% of the total share capital. The repurchase plan still requires exemption from the supervisory authority at the place of registration of the company and review and approval by the shareholders' meeting. The repurchase implementation period is within 12 months from the date of review and approval by the shareholders' meeting. As of the date of disclosure of the announcement, the company's directors, executives, controlling shareholders and other relevant entities have no plans to reduce their holdings for the next 3 or 6 months.

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