Jiang Bolong announced that on July 23, Cai Huabo, the controlling shareholder, actual controller, chairman and general manager of the company, proposed that the company repurchase shares. The repurchase capital is not less than 400 million yuan and no more than 800 million yuan. The repurchase price is not higher than 150% of the average price for 30 trading days before the board review. The repurchase period is within 12 months from the date of review and approval by the board of directors. Shares are repurchased for equity incentives or employee stock ownership plans, and will be cancelled if not used up for 3 years. Cai Huabo and his co-actors did not trade the company's shares in the previous six months, and there are no plans to increase or decrease their holdings during the repurchase period. The matter is still subject to review and approval procedures, and there is uncertainty.

Jiang Bolong announced that on July 23, Cai Huabo, the controlling shareholder, actual controller, chairman and general manager of the company, proposed that the company repurchase shares. The repurchase capital is not less than 400 million yuan and no more than 800 million yuan. The repurchase price is not higher than 150% of the average price for 30 trading days before the board review. The repurchase period is within 12 months from the date of review and approval by the board of directors. Shares are repurchased for equity incentives or employee stock ownership plans, and will be cancelled if not used up for 3 years. Cai Huabo and his co-actors did not trade the company's shares in the previous six months, and there are no plans to increase or decrease their holdings during the repurchase period. The matter has yet to be reviewed and approved, and there is uncertainty.