Zhaoyi Innovation: Plans to repurchase A-shares worth 1 billion to 2 billion yuan for cancellation.

Zhaoyi Innovation announced that the company plans to repurchase A-shares through centralized bidding, with a total funding amount of no less than 1 billion yuan and no more than 2 billion yuan. The repurchased shares will be fully used for cancellation and reduction of registered capital. The number of shares to be repurchased is between 1.3333 million and 2.6667 million, accounting for 0.19% to 0.38% of the total equity. The implementation period is 6 months after approval by the shareholders' meeting. Chairman Zhu Yiming previously reduced his holdings and intends to increase his shareholding by no less than 1 billion yuan thereafter. This repurchase still requires approval from the shareholders' meeting and is subject to various uncertainties and risks.