Xinte Electric: Plans to use 25 million to 48 million yuan of raised funds to repurchase shares.

Xinte Electric announced that it plans to repurchase part of its shares through a centralized bidding method for the purpose of implementing equity incentive or employee stock ownership plans. The total funds for the repurchase will not be less than 25 million yuan and not exceed 48 million yuan, of which 9 million to 18 million yuan will come from self-owned funds, and 16 million to 30 million yuan will come from oversubscribed funds. The repurchase price will not exceed 23 yuan per share, with an expected buyback of 1.087 million to 2.087 million shares, accounting for 0.29% to 0.56% of the total share capital. The repurchase period will be within 12 months from the date of board approval. This matter has been approved by the board of directors, and there are no objections from the sponsor institution. There are various uncertainties and risks associated with this buyback.