Kangxi Communication: The actual controlling shareholder has proposed to repurchase company shares worth 20-30 million yuan.

Kangxi Communication Announcement: The actual controller, chairman, and general manager PING PENG of the company proposed that the company repurchase its own shares through centralized bidding transactions with its own funds. The total amount of the repurchase funds should not be less than 20 million yuan and not more than 30 million yuan. The upper limit of the repurchase price shall not exceed 150% of the average trading price of the stock for the 30 trading days before the resolution of the repurchase plan by the board of directors. The repurchased shares will be used for future implementation of employee stock ownership plans or equity incentives at appropriate times. If they are not fully utilized within 3 years, they will be cancelled.