Zhiyuan New Energy: Intends to repurchase 1.5 million to 3 million shares.

Zhongyan New Energy announced on May 9th that the company plans to use its own funds and self-raised funds to repurchase the RMB common stock issued by the company through the Shenzhen Stock Exchange system in a centralized bidding trading method, for the purpose of implementing equity incentives or employee stock ownership plans. The number of shares to be repurchased this time shall be no less than 1.5 million shares and no more than 3 million shares, accounting for approximately 0.8042% to 1.6085% of the company's current total share capital. Based on the maximum repurchase quantity of 3 million shares and the maximum repurchase price of 22 RMB per share, the total repurchase amount is estimated to be about 66 million RMB. Based on the minimum repurchase quantity of 1.5 million shares and the maximum repurchase price of 22 RMB per share, the total repurchase amount is estimated to be about 33 million RMB. The implementation period for the repurchased shares is within 12 months from the date when the company's board of directors approves the repurchase plan.