Shengtong Co., Ltd. announced that the company plans to use centralized bidding to repurchase A-shares for equity incentives or employee stock ownership plans. The total repurchase capital is not less than 30 million yuan and no more than 60 million yuan. The repurchase price is not more than 8.50 yuan/share. The repurchase shares are expected to account for 0.65% to 1.31% of the total share capital. The repurchase period is no more than 12 months from the date of review and approval by the board of directors. The funding source is its own funds and special stock repurchase loans. Furthermore, Jia Chunlin, a shareholder holding more than 5% of the shares, plans to transfer no more than 2% of the company's shares to her daughter Jia Qingyuan, which has not yet been transferred.

Shengtong Co., Ltd. announced that the company plans to use centralized bidding to repurchase A-shares for equity incentives or employee stock ownership plans. The total repurchase capital is not less than 30 million yuan and no more than 60 million yuan. The repurchase price is not more than 8.50 yuan/share. The repurchase shares are expected to account for 0.65% to 1.31% of the total share capital. The repurchase period is no more than 12 months from the date of review and approval by the board of directors. The funding source is its own funds and special stock repurchase loans. Furthermore, Jia Chunlin, a shareholder holding more than 5% of the shares, plans to transfer no more than 2% of the company's shares to her daughter Jia Qingyuan, which has not yet been transferred.