Key Points - The company plans to reduce its repurchased shares through centralized bidding within three months after the announcement, aiming to sell up to 2,347,710 shares, which represents no more than 1% of the total share capital [1][2][3] - The repurchased shares will be sold at market price, and if the company fails to complete the sale within three years, the unsold shares will be canceled [1][2] - The repurchased shares currently held in the special account amount to 12,789,467 shares, which will be reduced to 10,441,757 shares after the planned sale [3] - The purpose of the share reduction is to supplement the company's working capital, and it is not expected to have a significant impact on the company's operations or financial future [3] - The company has confirmed that there will be no change in control as a result of this share reduction plan [4]

Group 1 - The company has approved a plan to reduce its repurchased shares through centralized bidding, allowing for the sale of up to 2,304,000 shares, which is 1.00% of the total shares outstanding [1][2] - The repurchase plan was initially approved on February 7, 2024, with a budget of RMB 30 million to RMB 60 million, and shares were repurchased at prices ranging from a maximum of RMB 6.75 to a minimum of RMB 11.48 per share [1][2] - A total of 7,306,128 shares were repurchased, representing 3.17% of the company's total share capital, and the repurchase was completed by May 7, 2024 [1][2] Group 2 - The planned reduction of repurchased shares will not change the company's control or total share capital, with the share structure remaining at 230,400,000 shares before and after the sale [2][3] - The funds obtained from the sale of repurchased shares will be used to supplement the company's working capital, enhancing the efficiency of fund utilization and maintaining the interests of the company and its investors [2][3] - The difference between the selling price of the repurchased shares and the repurchase price will be accounted for in the company's capital reserve, which will not affect current profits or significantly impact the company's operations and future development [3]