On February 19, Gelonghui Co., Ltd. (300879.SZ) announced that the company plans to use its own funds to repurchase some of the company's public shares through centralized bidding transactions to implement the equity incentive plan. The total capital used to repurchase shares shall not be less than RMB 25 million (inclusive) and not more than RMB 50 million (inclusive). The repurchase price does not exceed RMB 18.87 per share (inclusive). Based on the maximum share repurchase price of RMB 18.87 per share, the estimated number of shares to be repurchased is 1,324,854 shares to 2,649,708 shares, accounting for 0.8280% to 1.6561% of the company's total share capital of 160,001,187 shares as of February 8, 2024. The specific number of shares to be repurchased is based on the actual number of shares repurchased at the end of the repurchase. The repurchase period shall not exceed 12 months from the date the board of directors of the company reviewed and approved the share repurchase plan.