Summary of Key Points Core Viewpoint - The company has announced a share buyback plan by FAW Equity Investment (Tianjin) Co., Ltd., expressing confidence in the future development and value of Changchun Fuwei Group Automotive Parts Co., Ltd. The buyback is set to occur from April 10, 2025, to December 31, 2025, with a planned investment between 25 million RMB and 50 million RMB [1]. Group 1: Buyback Plan Details - FAW Equity plans to increase its stake in the company through centralized bidding on the Shanghai Stock Exchange, with a minimum investment of 25 million RMB and a maximum of 50 million RMB [1]. - As of December 31, 2025, FAW Equity has accumulated a total of 3,556,100 shares, representing 0.48% of the company's total shares, with an investment amounting to 31,361,083 RMB (excluding transaction fees) [2]. Group 2: Compliance and Regulations - The buyback action complies with the Securities Law of the People's Republic of China, the Management Measures for the Acquisition of Listed Companies, and the Shanghai Stock Exchange Listing Rules [3]. - The implementation of this buyback plan does not trigger a mandatory tender offer and will not affect the distribution of the company's shares or lead to changes in the controlling shareholder or actual controller [3].