Xin Yichang: Intends to change the purpose of repurchasing 48,710 shares and canceling the reduction of capital.

Xinyichang Announcement: The company intends to change the purpose of the 487,100 shares repurchased in the first phase from "for employee stock ownership plan or equity incentive" to "for cancellation and reduction of registered capital", while the 566,985 shares repurchased in the second phase will still be used for employee stock ownership plan or equity incentive. After the cancellation, the total share capital of the company will be reduced from 102,133,600 shares to 101,646,500 shares, and the registered capital will correspondingly decrease. This matter has been approved by the board of directors and still needs to be reviewed by the shareholders' meeting. This change is aimed at increasing the company's investment value and enhancing investor confidence.