Announcement from Zhixiang Jintai, Mr. Shan Jikuan, the chairman of the company, proposed to repurchase company shares through the Shanghai Stock Exchange trading system by means of centralized bidding with its own funds or loans from financial institutions, with a total repurchase amount not less than 20 million yuan and not exceeding 40 million yuan, for stock-based incentives, employee stock ownership plans, or other purposes. The repurchase period is within 12 months from the date of approval by the board of directors.
智翔金泰：董事长提议回购股份2000万元-4000万元股份
Zhixiang Jintai: The chairman proposed to repurchase shares of 20 to 40 million yuan.
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