Howi Group: Plans to buy back shares worth 800 million to 1 billion yuan for employee stock ownership or incentives.

The Huawei Group announced that the company plans to repurchase shares through centralized competitive bidding, with an amount not less than 800 million yuan and not more than 1 billion yuan, at a repurchase price not exceeding 100 yuan per share. The number of repurchased shares will be between 8 million and 10 million, accounting for 0.63%-0.79% of the total share capital, and the funds will come from its own capital. The repurchased shares are intended for the employee stock ownership plan or equity incentive, with the implementation period starting from the date of approval by the board of directors and lasting for three months. As of the disclosure date of the announcement, relevant individuals have no plans to reduce their holdings in the next 3 or 6 months. In addition, this repurchase carries various uncertainties and risks.