On February 19, Gelonghui Electric (002249.SZ) announced that the company decided to use its own funds to buy back some of the company's public shares through centralized bidding transactions through the secondary market for subsequent employee stock ownership plans or equity incentive plans. The total capital of this repurchase is not less than RMB 50 million and no more than RMB 80 million, and the repurchase price is not more than RMB 5.5 per share. Based on the maximum repurchase amount of RMB 80 million and the maximum repurchase price of 5.5 yuan/share, it is estimated that the number of shares that can be repurchased is not less than 14.54 million shares, accounting for about 0.61% of the company's total share capital (as of January 31, 2024, same below); based on the minimum repurchase amount of RMB 50 million and the upper repurchase price of 5.5 yuan/share, the number of shares that can be repurchased is not less than 9.09 million shares, accounting for 0.38% of the company's total share capital. The specific number of shares to be repurchased is based on the actual number of shares repurchased at the end of the repurchase period. The repurchase period is 12 months from the date the board of directors of the company reviews and approves the repurchase plan.