On February 2, Gelonghui Co., Ltd. (300715.SZ) announced that the company plans to repurchase RMB common stock A shares issued by the company to implement employee stock ownership plans or equity incentives. This time, the repurchase was made with own funds, and the total capital was not less than RMB 30 million (inclusive) and not more than RMB 60 million (inclusive). The price range for the repurchase of shares does not exceed RMB 16 per share. The upper limit of the repurchase price did not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board of directors reviewed and approved the share repurchase plan. Under the condition that the maximum repurchase price is 16 yuan/share (inclusive), the total number of shares that can be repurchased is estimated to be 3,750,000 shares, accounting for about 0.9743% of the company's current total share capital; according to the lower limit of the total repurchase capital of 30 million yuan (inclusive), the total number of shares that can be repurchased is 1,875,000 shares, accounting for about 0.4871% of the company's current total share capital. The specific number of shares to be repurchased is based on the actual number of shares to be repurchased when the repurchase period expires or the repurchase is implemented shall prevail. The implementation period for share repurchase shall not exceed 12 months from the date the board of directors deliberates and approves the share repurchase plan.