Baiyun Electric Appliances: The chairman proposed that the company buy back shares in the amount of 10-20 million yuan.

Baoyun Electric announced on the evening of July 31 that the Chairman of the company, Hu Dezhao, proposed that the company use its own funds and self-raised funds to repurchase some of the RMB ordinary shares issued by the company through the Shanghai Stock Exchange trading system through centralized bidding trading method. The total amount of the repurchase funds shall not be less than RMB 10 million and shall not exceed RMB 20 million. According to the proposal, the maximum repurchase price shall not exceed 150% of the average trading price of the company's stock for the 30 trading days before the resolution of the board of directors on the repurchase scheme. The specific details shall be subject to the resolution of the board of directors on the repurchase scheme. The repurchased shares will be used for employee shareholding plans and/or equity incentives. If they are not fully transferred, the company will carry out the procedures to reduce the registered capital in accordance with the law, and the untransferred shares will be cancelled.