Cngr advanced material Co., Ltd. intends to repurchase some of the company's publicly traded shares through centralized bidding, with a total repurchase amount of no less than 0.5 billion yuan (inclusive) and no more than 1 billion yuan (inclusive), and a repurchase price not exceeding 57 yuan per share (inclusive). The repurchased shares will be used for stock-based incentives or employee stock ownership plans. Currently, the company has received a "Loan Commitment Letter" from the Industrial Bank Changsha Branch, committing to provide special loan support for the company's repurchase of A-share shares, with a maximum loan amount not exceeding 0.7 billion yuan (inclusive) and a loan term of 1 year.