Siyuan Electric: intends to buy back shares worth 3 to 5 billion yuan.

Siyuan Electric Announcement: The company intends to use its own funds to repurchase a portion of the company's publicly traded A shares through centralized bidding trading, for the purpose of reducing the registered capital. The total amount of this repurchase will not be less than 300 million yuan and not exceed 500 million yuan, with a repurchase price limit not exceeding 109.45 yuan per share. Based on the minimum repurchase amount and the maximum repurchase price, it is estimated that approximately 2.741 million shares can be repurchased, accounting for approximately 0.35% of the total share capital of the company; based on the maximum repurchase amount and the maximum repurchase price, it is estimated that approximately 4.5683 million shares can be repurchased, accounting for approximately 0.58% of the total share capital of the company. The repurchase period shall not exceed twelve months from the date on which the repurchase of shares is approved by the shareholders' meeting.