Yamaton: Intends to repurchase 6 million shares for cancellation and reduce the company's registered capital.

Yamaton announcement: The purpose of the planned repurchase of 6 million shares stored in the repurchase special securities account will be changed from "for implementing equity incentive plans or employee stock ownership plans" to "for cancellation and reduction of the company's registered capital". The company held the twenty-third meeting of the Fourth Board of Directors on May 12, 2022, and approved the proposal on the repurchase of company shares, agreeing for the company to use its own funds to repurchase company shares through centralized bidding trading for the implementation of the company's employee stock ownership plan or equity incentive. The price for this repurchase of shares shall not exceed RMB 30 per share, with a total repurchase fund amounting to no less than RMB 90 million and no more than RMB 180 million.