Huahai Qingke: Chairman proposes repurchasing shares not exceeding 1 billion yuan.

Hua Hai Qing Ke Announcement: The company's chairman and general manager, Wang Tongqing, proposed that the company use the excess fundraising funds and its own funds to repurchase some RMB ordinary shares through centralized bidding trading, to be used for employee stock ownership plans, equity incentives, or to cancel and reduce the company's registered capital. The proposal includes: the total amount of repurchase funds shall not be less than 50 million yuan and not exceed 100 million yuan; the repurchase price shall not exceed 150% of the average trading price of the company's stock for the 30 trading days before the board of directors approves the repurchase plan; the repurchase period shall be within 12 months from the date of approval of the plan by the shareholders' meeting. Mr. Wang Tongqing has not bought or sold company shares in the six months before the proposal, and he has promised to vote in favor of the repurchase proposal at the board of directors meeting.