On February 7, Gelonghui Co., Ltd. (301110.SZ) announced that the company plans to use its own funds to repurchase the company's shares through centralized bidding transactions. All of the shares repurchased will be used for equity incentives or employee stock ownership plans. The total amount of capital to be repurchased is not less than RMB 20.00 million (inclusive) and not more than RMB 40 million (inclusive). The price range for the shares to be repurchased shall not exceed RMB 40.00 per share (including the number of shares). The implementation period for the proposed share repurchase is within 12 months from the date the board of directors of the company reviewed and approved the repurchase plan.