Haitai Xinguang: Plans to repurchase shares worth 50-100 million yuan, some shareholders are still in the reduction period.

Haitai Xinguang announced that the company plans to repurchase shares through a centralized bidding trading method, with a total repurchase amount of no less than 50 million yuan and not exceeding 100 million yuan. The repurchase price shall not exceed 166 yuan per share, and it is expected that 301,200 shares to 602,400 shares will be repurchased, accounting for 0.25% to 0.50% of the total share capital. The repurchase period is within 3 months from the date when the board of directors approves the plan. The source of funds for the repurchase is from its own funds and special loans. In addition, the controlling shareholder of the company, the concerted actioner Pu'ada and Jielai Te, have not yet completed their reduction plan and will continue to reduce their holdings according to the original plan.