Gelonghui November 3rd | Magnetic Valley Technology (688448.SH) announced that as of October 31, 2024, the company has repurchased 40,000 shares of the company through the Shanghai Stock Exchange trading system in a centralized competitive trading manner, accounting for 0.0558% of the total share capital of the company. The highest and lowest prices for repurchase transactions were RMB 20.58 per share, and the total amount paid was RMB 823,200.00 (excluding stamp duty, trading commissions, and other transaction costs). The repurchase of shares meets the requirements of laws and regulations and the company's share repurchase plan.