Milkwai: Plans to repurchase shares worth 80 million to 120 million yuan for employee incentives.

Milkor announced that the company plans to repurchase shares through centralized bidding, with an amount of 80 to 120 million yuan, at a price not exceeding 85 yuan per share. The repurchase quantity will be between 941,100 and 1,411,700 shares, accounting for 0.60% - 0.89% of the total share capital, to be used for employee stock ownership plans or equity incentives. The funds will come from its own funds and a specialized loan of up to 99 million yuan from the Shanghai Branch of China Merchants Bank. The implementation period is 3 months after approval by the board of directors, and there are currently no plans by shareholders to reduce their holdings. This repurchase will not have a significant impact on the company's operations, but there is a risk that the plan may not be implemented.