Xingfa Group: plans to repurchase shares worth 200 million to 400 million yuan to maintain the rights and interests of the company and shareholders.

The announcement of Xingfa Group stated that the 13th meeting of the 11th Board of Directors approved the repurchase plan. The company plans to repurchase shares through centralized bidding trading, with a repurchase amount of 200 million to 400 million yuan, at a repurchase price not exceeding 50 yuan per share. It is expected to repurchase 4-8 million shares, accounting for 0.36% - 0.73% of the total share capital, to maintain the company's value and shareholder interests. The repurchase period shall not exceed 3 months from the date of approval by the Board of Directors. The company's directors, supervisors, senior executives, actual controllers, controlling shareholders, and concerted actors have no plan to reduce their holdings in the next 3 months or 6 months, while other shareholders holding more than 5% have uncertain plans for reduction. In addition, there are risks in this repurchase due to factors such as stock price and funds that may prevent its implementation.