Gloria Ying announced that the company plans to repurchase A-shares through centralized bidding transactions. The total repurchase capital will not be less than 500 million yuan and no more than 700 million yuan, and the repurchase price will not exceed 246 yuan/share. Based on the upper limit of the repurchase price, the estimated number of shares to be repurchased is about 2,032,500 to 2,845,500 shares, accounting for 0.56%-0.79% of the company's total share capital. Shares repurchased will be used for employee stock ownership plans or equity incentives and cancellation to reduce registered capital. Of these, the shares used for incentives are not higher than 60% of the total repurchase amount, and no less than 40% are used for cancellation. The repurchase implementation period is 12 months from the date the board of directors reviews and approves the repurchase plan.

Gloria Ying announced that the company plans to repurchase A-shares through centralized bidding transactions. The total repurchase capital will not be less than 500 million yuan and no more than 700 million yuan, and the repurchase price will not exceed 246 yuan/share. Based on the upper limit of the repurchase price, the estimated number of shares to be repurchased is about 2,032,500 to 2,845,500 shares, accounting for 0.56%-0.79% of the company's total share capital. Shares repurchased will be used for employee stock ownership plans or equity incentives and cancellation to reduce registered capital. Of these, the shares used for incentives are not higher than 60% of the total repurchase amount, and no less than 40% are used for cancellation. The repurchase implementation period is 12 months from the date the board of directors reviews and approves the repurchase plan.