Megvii Technology: plans to buy back shares worth 10 to 20 million yuan for employee incentives.

Zhongwang Software announced that the company intends to repurchase shares in a centralized bidding transaction, with the repurchase amount not less than 10 million yuan and not more than 20 million yuan, at a repurchase price not exceeding 92.19 yuan per share. The repurchase period is within 12 months from the date when the Board of Directors approves the repurchase plan. The repurchased shares will be used for employee shareholding plans or equity incentives. If not fully utilized within 3 years, the unused portion will be cancelled. Major shareholders do not currently have plans to reduce their holdings in the next 3 or 6 months. There are various risks in this repurchase, and the company will promptly disclose any progress.