Zhongheng Group: Plans to repurchase shares for 300 million to 500 million yuan

Zhongheng Group announced that the company plans to repurchase shares with funds not less than 300 million yuan and not exceeding 500 million yuan, with a repurchase price not exceeding 3.8 yuan per share. All repurchased shares will be used for cancellation and reduction of the company's registered capital, with an estimated repurchase quantity of 78.9474 million shares to 132 million shares, accounting for 2.35%-3.92% of the company's total share capital. The repurchase period will not exceed 6 months from the date of approval by the shareholders' meeting, with funding sourced from the company's own funds or self-raised funds. The repurchase aims to enhance investor confidence, promote the reasonable return of stock value, and reduce registered capital