Jiang Hanxin Material: plans to buy back shares worth 200 million to 400 million yuan

Jiang Han New Materials announced that the company intends to repurchase shares with a total amount of 200 million to 400 million yuan, and the repurchase price will not exceed 30 yuan per share. The repurchased shares will be used to reduce registered capital or for employee shareholding plans or stock incentives. The repurchase period is 12 months after approval by the shareholders' meeting. The company plans to use its own funds or borrowings from financial institutions as the source of funds for the repurchase. Mr. He Xufeng, chairman of the supervisory board, will continue to implement the previously disclosed reduction plan, with no further reduction plan within six months after May 28. The remaining directors, supervisors, senior executives, ultimate controlling shareholders, and shareholders holding more than 5% of the shares have no plans to reduce their holdings in the next six months.