Company Nine: Chairman Gao Lufeng proposes to repurchase shares worth 150 million to 300 million yuan.

Announcement of Company No. 9: The Chairman and actual controlling shareholder of the company, Gao Lufeng, proposed that the company use its own funds to repurchase some of the China Depositary Receipts through centralized bidding, with a total repurchase amount of no less than 150 million yuan and not exceeding 300 million yuan. The repurchase price shall not exceed 60 yuan per share. The repurchased shares in this transaction will be used entirely for cancellation and reduction of registered capital.