Tonghe Technology: Plans to repurchase shares of 35-70 million RMB for employee incentives.

Tonghe Technology announced that the company plans to repurchase A shares through centralized bidding trading, for use in employee stock ownership plans or equity incentive plans. The repurchase funds will be no less than 35 million yuan and no more than 70 million yuan, with a repurchase price not exceeding 45 yuan per share. It is expected to repurchase between 777,778 shares and 1,555,555 shares, accounting for 0.44% to 0.88% of the total share capital. The implementation period will be within 12 months from the approval of the board of directors. The company has received a credit support commitment of 6.3 million yuan from Industrial Bank. This repurchase carries various uncertainties and risks.