Kaichun Co., Ltd.: Plans to repurchase shares for RMB 10 million20 million.

Kaichun Co., Ltd. announced that the company plans to repurchase unrestricted tradable A-shares through centralized bidding for use in equity incentives or employee stock ownership plans. The total repurchase amount shall be no less than RMB 10 million and no more than RMB 20 million, with a repurchase price not exceeding RMB 38.30 per share. Based on the upper and lower limits of the repurchase amount, the estimated number of shares to be repurchased is 261,100 to 522,200 shares, accounting for 0.33% to 0.65% of the company's total share capital. The repurchase period is within 12 months from the date the repurchase plan is approved by the board of directors, and the source of funds is own funds and/or special loan funds. This repurchase will not have a material impact on the company's operations, financial condition, or going concern ability, and will not result in a change in control of the company.