Xinte Electric: Plans to repurchase shares worth 25 million to 48 million yuan for incentives.

Xinte Electric announced that the company plans to repurchase its shares through centralized bidding, with a total fund amount not less than 25 million yuan and not exceeding 48 million yuan, at a repurchase price not exceeding 23 yuan per share. It is expected to repurchase between 1.087 million and 2.087 million shares, accounting for approximately 0.29% to 0.56% of the total share capital, for the purposes of equity incentives or employee stock ownership plans. The funds will come from self-owned funds and excess raised funds, and the repurchase period is within 12 months from the date of the board of directors' approval. This repurchase will not have a significant impact on the company's operations, finances, and future development, but there are risks associated with its implementation.