Changyuan Donggu: Plans to repurchase shares worth 150 million to 300 million yuan to safeguard shareholder rights.

Changyuan Donggu announced that the company plans to repurchase shares through a centralized bidding process, with an amount no less than 150 million yuan and no more than 300 million yuan. The price will not exceed 70 yuan per share, and it is expected to repurchase between 2.1429 million and 4.2857 million shares, accounting for 0.66%-1.32% of the total share capital. The funding source will be self-owned funds and a special loan from CITIC Bank not exceeding 270 million yuan. The repurchase is aimed at maintaining the company's value and shareholders' equity, and the shares will be sold later; if not sold within three years, they will be canceled. The implementation period is within three months from the date of the board of directors' approval. Relevant personnel currently have no plans for share reduction, and this repurchase will not have a significant impact on the company's operations, among other aspects.