Ningbo Dongli: Plans to use no more than 120 million yuan to repurchase company shares, with a repurchase price not exceeding 20.3 yuan per share.

Ningbo Dongli announced that it plans to use its own funds and self-raised funds (including funds for the special stock buyback loan, etc.) to repurchase the company’s issued RMB ordinary shares (A shares) through centralized bidding trading. This is intended for the future implementation of an employee shareholding plan or equity incentives. The total amount of funds for this buyback will not be less than RMB 60 million (inclusive) and not exceed RMB 120 million (inclusive), with a buyback price not exceeding RMB 20.3 per share (inclusive). This price does not exceed 150% of the average trading price of the company’s stock in the 30 trading days prior to the board’s approval of the buyback resolution. The specific number of shares repurchased will be based on the actual number of shares repurchased upon completion of the buyback or the expiration of the period. The implementation period for this share buyback is 12 months from the date the company’s board approves this buyback plan.