Core Viewpoint - The company has completed the cancellation of repurchased shares, which will positively impact its capital structure and shareholder returns [2][7][8]. Group 1: Share Repurchase and Cancellation Details - The company repurchased a total of 97,215,300 shares in 2024, with 80,115,300 shares being canceled, representing 82.41% of the repurchased shares and 5.4% of the total shares before cancellation [2][7]. - The total amount for the canceled shares was RMB 246,695,724.11, and after the cancellation, the total share capital decreased from 1,483,934,025 shares to 1,403,818,725 shares [2][7][8]. - The repurchase was approved by the board on January 10, 2024, and the total funds allocated for the repurchase were increased from RMB 5 million to a range of RMB 15 million to RMB 30 million [2][3]. Group 2: Impact on Shareholder Structure - Following the cancellation, the controlling shareholder, Hualian Group, saw its ownership percentage increase from 28.21% to 29.82% without changing the number of shares held [7][8]. - This change in ownership percentage does not trigger a mandatory tender offer and does not affect the company's governance structure or ongoing operations [8]. Group 3: Financial Implications - The cancellation of shares is treated as a cash dividend, with the amount equivalent to the repurchase value of RMB 246,695,724.11, enhancing earnings per share and net asset value [8][9]. - The company asserts that this action will not significantly impact its financial condition, debt repayment ability, or shareholder equity [8].

Core Viewpoint - The company has approved a share repurchase plan to maintain its value and protect shareholder interests, with a total repurchase fund ranging from RMB 30 million to RMB 60 million [1] Group 1: Share Repurchase Plan - The company plans to repurchase its issued A-shares using its own funds, with a total amount not less than RMB 30 million and not exceeding RMB 60 million [1] - The implementation period for the share repurchase is within three months from the date of the board's approval [1] Group 2: Progress of Share Repurchase - As of May 30, 2025, the company has repurchased 1,046,650 shares, accounting for 0.07% of the total share capital, with a total transaction amount of RMB 3,699,197.50 [1] - The highest transaction price was RMB 3.56 per share, and the lowest was RMB 3.50 per share [1] Group 3: Compliance with Regulations - The share repurchase complies with relevant regulations, including the timing and trading methods, ensuring no repurchase occurred during significant events that could affect stock prices [2] - The company adhered to the rules regarding the price limits and trading periods for share repurchase [2] Group 4: Future Arrangements - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations during the repurchase period [2]