Gelonghui August 23rd | Geling Shentong announced that the company will use its own funds to repurchase some of the RMB ordinary shares (A shares) already issued by the company through centralized bidding trading, with the repurchase amount not less than RMB 40 million (inclusive) and not more than RMB 80 million (inclusive). The repurchased shares will be used for employee stock ownership plans or stock-based incentives at an appropriate time in the future. The repurchase price of the shares shall not exceed RMB 16.00 per share (inclusive), and the repurchase period shall be within 12 months from the date of the board of directors' approval of this share repurchase scheme. The company stated that this repurchase will not have a significant impact on the company's daily operations, finance, research and development, profitability, debt performance, or future development.