Guangdong Mingzhu Group announced that the company will hold the first extraordinary meeting of the 10th Board of Directors on January 6, 2025, to review and approve the proposal on adjusting the upper limit of the repurchase price of the company's shares. Based on firm confidence in the company's future sustainable and stable development and market value, in combination with the current situation of Capital Markets and changes in the company's stock price, in order to ensure the smooth implementation of the share repurchase plan, the company now adjusts the share repurchase plan, agreeing to change the repurchase price from no more than 4.3 yuan/share (inclusive) to no more than 5.5 yuan/share (inclusive). Other contents of the share repurchase plan have not changed except for the adjustment of the upper limit of the repurchase price. This adjustment of the upper limit of the repurchase price does not need to be submitted to the company's Shareholder meeting for review.