Xinte Electric announced that it plans to use centralized bidding to repurchase part of the shares to implement equity incentives or employee stock ownership plans. The total repurchase capital is not less than 25 million yuan and no more than 48 million yuan, including 9 million to 18 million yuan of own capital and 16 million to 30 million yuan of overcapital. The repurchase price is no more than 23 yuan/share. It is estimated that 1.087 million to 2,087 million shares will be repurchased, accounting for 0.29%-0.56% of the total share capital. The repurchase period is within 12 months from the date of review and approval by the board of directors. The matter has been reviewed by the Board of Directors, and there is no objection from the sponsor. There are various risks of uncertainty in this repurchase.

Xinte Electric announced that it plans to use centralized bidding to repurchase part of the shares to implement equity incentives or employee stock ownership plans. The total repurchase capital is not less than 25 million yuan and no more than 48 million yuan, including 9 million to 18 million yuan of own capital and 16 million to 30 million yuan of overcapital. The repurchase price is no more than 23 yuan/share. It is estimated that 1.087 million to 2,087 million shares will be repurchased, accounting for 0.29%-0.56% of the total share capital. The repurchase period is within 12 months from the date of review and approval by the board of directors. The matter has been reviewed by the Board of Directors, and there is no objection from the sponsor. There are various risks of uncertainty in this repurchase.