Fumiao Technology: plans to repurchase shares worth 20-40 million yuan.

Fu Miao Technology announced that the 12th meeting of the 6th Board of Directors approved the share repurchase plan through centralized bidding trading. The total amount of repurchase funds is 20-40 million yuan, to maintain the company's value and shareholder rights, employee stock ownership plan or equity incentive. Each portion of the amount is 10-20 million yuan. The repurchase price of the shares shall not exceed 48.24 yuan per share. If the funds are not used for the above purposes within 3 years, the repurchased shares will be cancelled. The board of directors authorized the management to handle relevant matters, and this proposal does not need to be submitted to the shareholders' meeting for approval.