Guolonghui November 8th, Sitaik (301568.SZ) announced that the company plans to repurchase the RMB ordinary shares (A shares) already issued by the company, for employee stock ownership plan or stock-based incentive. The total amount of funds for this repurchase of shares shall not be less than RMB 20 million (inclusive) and not exceed RMB 40 million (inclusive). The price range for repurchasing shares shall not exceed RMB 50.00 per share (inclusive). The implementation period of this share repurchase is within 12 months from the date when the shareholders' meeting approves the share repurchase plan.

Based on the calculation using the lower limit of repurchase total funds and the upper limit of repurchase share price, it is estimated that the number of shares that can be repurchased is 400,000 shares, accounting for approximately 0.39% of the company's current total share capital; based on the calculation using the upper limit of repurchase total funds and the upper limit of repurchase share price, it is estimated that the number of shares that can be repurchased is 800,000 shares, accounting for approximately 0.77% of the company's current total share capital. The specific amount of funds for repurchasing shares, the number of shares to be repurchased, the repurchase price, etc., will be based on the actual repurchase situation upon completion of the repurchase plan.