Qi Zhong Technology: The general manager proposed to repurchase shares with a total capital of not less than 75 million yuan.

Announcement from Qi Zhong Technology: General Manager Yang Zongming proposed to use funds raised in excess, self-owned funds, and special loan funds for stock repurchase, through the Shanghai Stock Exchange trading system using centralized competitive bidding to repurchase some of the company's issued RMB ordinary shares, for employee stock incentives or employee stock ownership plans. The total amount of repurchase funds shall not be less than 75 million yuan and not exceed 150 million yuan, with the repurchase price not exceeding 150% of the average trading price of the company's stock in the 30 trading days prior to the board's resolution to repurchase shares.