Core Viewpoint - The company plans to implement a share buyback program using its own funds and special loan funds, with a total buyback amount between RMB 250 million and RMB 500 million, and a maximum buyback price of RMB 4.95 per share [1] Group 1 - As of August 31, 2025, the company has not yet executed any share buybacks [1] - The buyback will be conducted through centralized bidding and aims to cancel shares to reduce registered capital [1] - The buyback period is set for 12 months following the approval of the buyback plan at the company's first extraordinary general meeting of shareholders in 2025 [1]