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Shanghai Shunhao New Materials Technology Co., Ltd. issued a repurchase report, proposing to repurchase 8.4602 million to 16.9205 million shares at a price not exceeding 11.82 yuan/share, accounting for 0.80% to 1.60% of the total share capital, with funds of no less than 100 million yuan and not more than 200 million yuan sourced from special repurchase loans and internal funds. The company has obtained a special loan of up to 150 million yuan from Shanghai Branch of China Citic Bank with a term of 3 years. The repurchase period will not exceed 12 months from the approval of the board of directors plan and will be used for employee shareholding or equity incentive. If not fully utilized within 3 years, the repurchased shares will be canceled. The company reminds of risks such as stock price exceeding the limit and the incentive plan not being approved.