On September 2nd, Gelonghui reported that China Rongsheng (301223.SZ) announced that based on the recognition of the company's value and the firm confidence in the company's future development by the management and shareholders, the company plans to use its own funds to repurchase a portion of the company's issued shares through centralized bidding, and will use the repurchased shares for stock-based incentive plans or employee shareholding plans at an appropriate time in the future.

The total amount of funds for repurchasing shares is not less than 25 million yuan (inclusive) and not more than 50 million yuan (inclusive); the repurchase price of shares does not exceed 22.12 yuan/share (inclusive), and does not exceed 150% of the average trading price of the company's stock for the 30 trading days before the board of directors' resolution on repurchasing shares. The company's current total share capital is 193,127,560 shares. Assuming the upper limit of the total amount of funds for repurchasing shares is 50 million yuan, and the upper limit of the repurchase price is 22.12 yuan/share, the number of repurchased shares is approximately 2,260,398 shares, accounting for approximately 1.17% of the company's total share capital. Assuming the lower limit of the total amount of funds for repurchasing shares is 25 million yuan, and the upper limit of the repurchase price is 22.12 yuan/share, the number of repurchased shares is approximately 1,130,199 shares, accounting for approximately 0.59% of the company's total share capital. The repurchase period is within 12 months from the date when the board of directors approved the plan.