On February 5, Gelonghui Co., Ltd. (002895.SZ) announced the announcement of the repurchase plan of the company's shares. The repurchased shares will be used to cancel and reduce the company's registered capital. The total repurchase capital will not be less than RMB 80 million (inclusive) and no more than RMB 150 million (inclusive), and the repurchase price will not exceed 19.71 yuan/share. Based on the total capital limit of RMB 150 million and the maximum repurchase price of shares of 19.71 yuan/share, it is estimated that the number of shares to be repurchased is 7,610,350 shares, accounting for 1.40% of the company's current total share capital. Based on estimates of the total capital of RMB 80 million and the maximum repurchase price of shares of 19.71 yuan/share, the estimated number of shares to be repurchased is 4,058,853 shares, accounting for 0.75% of the company's current total share capital. The specific number of repurchases and total repurchase capital are based on the total amount of capital actually used to repurchase shares and the number of shares repurchased at the end of the repurchase period. The implementation period for share repurchase is within 12 months from the date the shareholders' meeting deliberates and approves the share repurchase plan.