Jia Yi Co., Ltd.: The Chairman proposed to repurchase shares for 40 to 80 million yuan.

Jiayi Co., Ltd. announced that the chairman of the company, Qi Xinghua, proposed that the company repurchase some shares through centralized bidding. The total amount of the repurchase funds shall not be less than 40 million yuan and not more than 80 million yuan. The maximum repurchase price shall not exceed 150% of the average stock price of the last 30 trading days before the resolution of the board of directors on the repurchase plan. The repurchased shares will be used for future implementation of equity incentive plans or employee stock ownership plans. If the repurchased shares are not fully utilized within 36 months, the unused portion will be cancelled.