Rongxin Culture: planning to buy back shares with an amount of 20-22 million yuan.

Rongxin Culture Announcement: The company plans to repurchase shares through centralized bidding trading using its own funds and special repurchase loan funds, for the purpose of employee stock ownership plan or equity incentive. The total amount of this repurchase shall not be less than 20 million yuan, not exceeding 22 million yuan, with a repurchase price not exceeding 37 yuan/share. According to the calculation based on the upper limit of the repurchase fund, it is estimated that the total number of shares that can be repurchased is 594,594 shares, accounting for approximately 0.70% of the company's current total share capital; according to the calculation based on the lower limit of the repurchase fund, it is estimated that the total number of shares that can be repurchased is 540,541 shares, accounting for approximately 0.64% of the company's current total share capital. The term of this repurchase of shares is within 12 months from the date of approval of the board of directors on this repurchase plan. The company has obtained a "Loan Commitment Letter" from the Xi'an Branch of Huaxia Bank Co., Ltd., with a special stock repurchase loan amount of 15 million yuan, accounting for 68.18% of the upper limit of the total repurchase fund.