Shenzhou Taiyue: Chairman and President propose repurchasing shares of 300 million to 600 million yuan.

Shenzhou Taiyue announced that recently the company's chairman and CEO, David Mao, proposed to use own funds to repurchase shares through centralized bidding to maintain the company's value and protect shareholder interests. The total repurchase amount will not be less than 300 million yuan and not more than 600 million yuan, with the repurchase price not exceeding 150% of the average trading price of the company's stock in the 30 trading days before the board's resolution on the repurchase plan. The repurchase period will be within 3 months from the date of the board's approval of the repurchase plan. David Mao has not bought or sold any company shares in the 6 months prior to the proposal, and there are no plans to increase or decrease holdings during the repurchase period. The board of directors believes that the repurchase is feasible and approved the relevant proposal on June 26th.