Core Viewpoint - The company has successfully completed a share repurchase plan, acquiring a total of 40,748,300 shares, which is approximately 1.05% of its total share capital, with a total expenditure of RMB 10,989.04 million [4][5][8] Summary by Sections Share Repurchase Plan - The company approved a share repurchase plan with a total fund of no less than RMB 10 million and no more than RMB 20 million, with a maximum repurchase price of RMB 2.73 per share [2] - The maximum repurchase price was later adjusted to RMB 3.30 per share due to the stock price being consistently above the initial limit [3][4] Implementation Details - The repurchase was conducted through centralized bidding, with the highest transaction price being RMB 2.97 per share and the lowest at RMB 2.43 per share [4] - The total amount spent on the repurchase reached the lower limit set by the shareholders' meeting, and the repurchase period has now concluded [4][5] Impact on the Company - The share repurchase is not expected to significantly impact the company's operations, profitability, or financial stability, and will not alter the control of the company [5] - The repurchased shares will be used for employee stock ownership plans or equity incentives, and if not utilized within 36 months, they will be canceled [9] Future Arrangements - The repurchased shares will be held in a dedicated account and will not confer voting rights or other shareholder privileges during the holding period [8] - The company has not yet established an employee stock ownership plan or equity incentive scheme, and the implementation of such plans remains uncertain [9]