Yue Ling Holdings: Plans to repurchase shares with 15-30 million yuan for equity incentives.

Announcement of Yue Ling Corporation: the company plans to use its own funds or self-raised funds to repurchase a portion of the company's issued Renminbi common stock through centralized auction trading, for use in equity incentives. The amount of this repurchase is not less than RMB 15 million and not more than RMB 30 million, with the specific total amount of repurchase funds determined by the actual amount of funds used. The repurchase price will not exceed RMB 16 per share, which is not more than 150% of the average trading price of the company's stock in the thirty trading days before the board of directors passed the resolution on repurchasing shares. The specific repurchase price will be determined based on the company's secondary market stock prices, financial condition, and operating situation. Based on the total repurchase funds of RMB 15 million to 30 million, and the maximum repurchase share price of RMB 16 per share, it is estimated that this repurchase will involve approximately 937,500 to 1,875,000 shares, representing approximately 0.37% to 0.73% of the company's current total share capital. The implementation period of this share repurchase will be within 12 months from the date of the board of directors' approval of this share repurchase scheme.