Jiangsu Jiangnan High Polymer Fiber announced that the company plans to repurchase shares through centralized bidding trading, with a total amount of funds not less than 40 million yuan and not more than 50 million yuan, with self-owned funds as the source of funds. The repurchased shares will be used for stock-based incentives, and the repurchase price will not exceed 2.50 yuan/share. The repurchase period is within 12 months from the date of approval by the board of directors. If the repurchased shares are not fully used within 3 years after the announcement of the results of the repurchase implementation, the unused repurchased shares will be cancelled. The company's directors, supervisors, senior management personnel, controlling shareholders, actual controllers and shareholders holding 5% or more of the shares do not have any plan to reduce the shareholding in the next 3 or 6 months.