Yangfan New Materials: Plans to repurchase shares amounting to 30 million - 60 million yuan for the incentive plan.

Yangfan New Materials announced that the company plans to repurchase shares through a centralized bidding process, with funds not less than 30 million yuan and not exceeding 60 million yuan, at a price not exceeding 12 yuan per share. Based on this estimate, the number of shares to be repurchased is expected to be between 2.5 million and 5 million shares, accounting for approximately 1.06% to 2.13% of the total share capital, for the purpose of equity incentive or employee stock ownership plans. The repurchase period is 12 months, and the funds will come from its own or self-raised resources. As of the date of the announcement, no relevant shareholders have reported any plans to reduce their holdings. There is a risk that the purchase price may exceed the upper limit.