Wang Xuan, the controlling shareholder, actual controller, chairman, and general manager of Yifei Laser, proposed to the Board of Directors to use the company's own funds and self-raised funds to conduct the second phase of share repurchase through centralized bidding trade, which will be used for Stock-based Incentive/employee stock ownership plans, cancellation, and reduction of registered capital at a suitable time in the future. The repurchase price shall not exceed 150% of the average price of the company's Stocks in the 30 trading days prior to the resolution of the share repurchase plan approved by the company's Board of Directors. The total amount of funds for the share repurchase shall not be less than 50 million yuan (inclusive) and shall not exceed 0.1 billion yuan (inclusive).