On November 2, 2023, the company announced that it as received the chairman of the board of directors? proposal to repurchase company shares. Under the program, the company will repurchase up to CNY 100 million worth of its shares.

The repurchase price will not be more than 150% of the average trading price of the company shares in the 30 trading days before the approval of the resolution of the repurchase plan in the board of directors. The purpose of the program includes but is not limited to as equity incentive or as employee shareholding plan, decrease of company?s registered capital. Repurchases will funded using company?s own funds.

The program will be valid for 12 months after the company?s board of directors or regular shareholders? meeting approved the repurchase plan.