Sinotrans Limited (00598) intends to repurchase company A shares through centralized competitive trading.

Sinotrans Limited (00598) announces that, based on the company's confidence in future development and recognition of the company's value, in order to protect the interests of investors, enhance investor confidence in the company, and stabilize and increase the company's value, the company proposes to repurchase shares through the Shanghai Stock Exchange trading system in a concentrated bidding manner. The repurchased shares will be cancelled and the company's registered capital will be reduced. The total amount of funds to be repurchased is not less than RMB 271 million (inclusive) and not more than RMB 542 million (inclusive). The maximum repurchase price per share is RMB 7.43 (not exceeding 150% of the average trading price of the company's stock in the 30 trading days prior to the board approval of the share repurchase resolution). If during the repurchase period, the company undergoes capital reserve capitalization, stock dividends, or cash dividends, the repurchase price limit will be adjusted accordingly from the ex-dividend date. The proposed repurchase period is within 12 months from the date of approval of the share repurchase plan by the company's shareholders' meeting.