Shaanxi Jinye Group: Plans to repurchase shares worth 40 million to 70 million yuan for incentives and cancellation

Shaanxi Jinye Group announced that the company plans to repurchase A-shares through centralized bidding, with funds not less than 40 million yuan and not exceeding 70 million yuan, and the repurchase price not exceeding 7.15 yuan per share. 25% of the repurchased shares will be used for equity incentives, and 75% will be canceled to reduce registered capital. Based on the upper limit, it is estimated that approximately 9.7902 million shares will be repurchased, accounting for 1.27% of the total share capital; based on the lower limit, it is estimated that approximately 5.5944 million shares will be repurchased, accounting for 0.73%. The implementation period is 12 months from the date of approval by the shareholders' meeting. The company has obtained a loan commitment of up to 63 million yuan from the Industrial and Commercial Bank of China Xi'an Branch. In addition, it has also highlighted the risks of repurchase related to price, funds, and operations