Keda Industrial Group announced that the company plans to conduct a share buyback to implement employee stock ownership plans and/or stock-based incentives, with the intention of repurchasing no less than 20 million shares and no more than 30 million shares at a repurchase price not exceeding 10 yuan per share. The estimated total repurchase amount is between 0.2 billion yuan and 0.3 billion yuan. The repurchase period is within 12 months from the date of approval by the board of directors of this repurchase plan, from October 30, 2024 to October 29, 2025. The source of the repurchase funds includes the company's own funds and a special stock buyback loan provided by the Foshan Branch of China Construction Bank, with the special loan amount not exceeding 0.15 billion yuan.