Greentown: Intends to repurchase shares worth 100-160 million yuan for incentive plan.

Greenmei announced that the company held a board meeting on July 16 to approve a share repurchase plan. The company plans to use its own funds or raised funds to repurchase 1-1.6 billion shares through centralized bidding at a price not exceeding 10.60 yuan per share, for use in equity incentives or employee stock ownership plans. Based on the maximum amount of funds and the price limit, it is expected to repurchase approximately 15.0943 million shares, accounting for 0.30% of the total share capital; based on the minimum, it is expected to repurchase approximately 9.434 million shares, representing 0.18% of the total. The implementation period is 12 months. There are uncertainties such as price and funding risks in this repurchase.