Xinghui Ring Materials announced that the company plans to use its own funds to repurchase RMB common shares already issued by the company through centralized bidding transactions for employee stock ownership plans or equity incentives. The total capital of this repurchase is not less than RMB 50 million and no more than RMB 10 million, and the share repurchase price is not more than RMB 34.00 per share. The estimated number of shares that can be repurchased is 1,475.88 million shares to 2,9411.76 million shares, accounting for 0.76% to 1.52% of the company's current total share capital. The implementation period for share repurchase shall not exceed 12 months from the date the board of directors of the company reviews and approves the share repurchase plan.

Xinghui Ring Materials announced that the company plans to use its own funds to repurchase RMB common shares already issued by the company through centralized bidding transactions for employee stock ownership plans or equity incentives. The total capital of this repurchase is not less than RMB 50 million and no more than RMB 10 million, and the share repurchase price is not more than RMB 34.00 per share. The estimated number of shares that can be repurchased is 1,475.88 million shares to 2,9411.76 million shares, accounting for 0.76% to 1.52% of the company's current total share capital. The implementation period for share repurchase shall not exceed 12 months from the date the board of directors of the company reviews and approves the share repurchase plan.