Large-scale assets: Chairman Chen Xin proposed to repurchase company shares worth 200 million to 400 million yuan.

Announcement of Corporate Assets: Chairman Chen Xin proposed to repurchase company shares with a budget of 200 million to 400 million RMB. The repurchase price ceiling shall not exceed 150% of the average trading price of the company's stock in the 30 trading days prior to the resolution of the board of directors approving the share repurchase plan.