On February 19, Gelonghui, Zhejiang Hengwei (301222.SZ) announced that the company plans to use its own funds to repurchase some of the company's issued RMB common stock (A shares) shares (hereinafter referred to as “this repurchase”). The total capital limit for repurchasing shares is RMB 50 million, and the minimum repurchase limit is RMB 25 million; the repurchase price does not exceed RMB 36.50 per share (including the number of shares). According to the minimum repurchase capital limit of 25 million yuan and the estimated repurchase price of 36.50 yuan/share, the estimated number of repurchases is about 684,931 shares, accounting for 0.68% of the company's current total share capital; based on the maximum repurchase capital of 50 million yuan and the estimated repurchase price of 36.50 yuan/share, the estimated number of repurchases is about 1,369,863 shares, accounting for about 1.35% of the company's current total share capital. The specific number of shares to be repurchased is based on the actual number of shares repurchased when the repurchase is completed. Implementation period for share repurchase: no more than 12 months from the date the board of directors of the company reviewed and approved the share repurchase plan.